On the eve of Independence Day, August 23, Ukraine has made a $60 mln interest payment on its 2011 Eurobonds, as reported by Reuters with the reference to some anonymous source. The press service of Ukrainian Ministry of Finance refused to comment on the situation. The next $ 500 mln repayments of Eurobonds are scheduled for September 23, $600 mln payment – for October 13, and $3 bln Russian loan repayment deadline comes December 20.
Circulation period of the Eurobonds totaling $ 1.5 bln ends in February 2021. The yield on these securities is 7.95% per annum. Interest income is paid twice a year - August 23 and February 23.
As it came to light recently, Ukraine is nearing a restructuring agreement with its creditors that would call for a 20% reduction in the value of the bonds.
The restructuring is part of the international assistance to Ukraine, but negotiations with the creditors were in the same place from March to the end of June.