Ukrainian Minister of Finance Natalie Jaresko has said she shares the view of the head of analytical department of ICU Group, Oleksandr Valchishen, namely that the creditors' offer to write off 5% of the debt principal is undervalued.

"An interesting idea," she wrote on Twitter, commenting on Valchishen's statement that the creditors' proposal to write off 5% of the debt principal is undervalued and that Ukraine should seek greater discounts.

Senior analyst of the International Centre for Policy Studies Oleksandr Zholud holds the same view.

"The writing off of 5% of the debt will not fundamentally influence the situation with the public debt with an annual interest rate of 7%," he said on Jaresko's blog.

As reported, the Ministry of Finance on August 4 sent an updated proposal for restructuring sovereign and government-guaranteed debts to the special creditors' committee, the essence of which has not been disclosed.

In the letter, the ministry called on the creditors to take part in a meeting in London on August 6.

The Finance Ministry also welcomed the decision of the holders of Oschadbank eurobonds to restructure equities totaling $1.2 billion due in 2016 and 2018 for seven years in line with the objectives laid down in the cooperation program between Ukraine and the IMF, and called on other international lenders of Oschadbank to quickly agree on similar conditions.