Oschadbank's loans, state companies' government-backed loans included in foreign debts restructuring

14:01, 10.04.2015 1 min read

The Ukrainian government has published a list of foreign debt liabilities planned for debt restructuring with amended borrowing conditions, according to a Cabinet resolution.

Cabinet resolution No. 318 dated April 4 presents the list which incorporates not only sovereign eurobonds and loan participation notes of state-owned banks, state-run Fininpro (Financing of Infrastructure Projects), the State Rail Transport Administration (Ukrzaliznytsia), but also loans taken by state-run Oschadbank in 2006 and 2013, maturing in 2017 and 2015.

The list also includes loans taken by other state companies against state guarantees. In particular, these are loans of the State Agency of Automobile Roads of Ukraine (Ukravtodor) borrowed in 2005, 2006, 2009, 2010, 2011 and maturing in 2015, 2016, 2017, 2015 respectively, a loan raised by Pivdenne Design Bureau in 2011 and due to be repaid in 2018, and a loan taken by Ukrmedpostach in 2009 and due to be repaid in 2020.