18:44 27.04.2016

Ukraine gets consent from VTB Capital on restructuring $100.8 mln govt-secured loan

1 min read
Ukraine gets consent from VTB Capital on restructuring $100.8 mln govt-secured loan

Ukraine's Finance Ministry has received consent from VTB Capital (Britain) on restructuring of a $100.8 million government-secured loan issued to Ukravtodor, the ministry has reported on its website.

The restructuring conditions include haircut of 25% of the nominal debt or $25.2 million and issue of government warrants for the same sum. The rest of the debt of $75.535 million will be converted into eurobonds that will fall due on September 1, 2019.

The ministry said that Ukraine finishes restructuring of the government-secured state debt with this deal.

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