KIEV, April 16 – The Extended Fund Facility of the International Monetary Fund, which foresees the restructuring of Ukraine's sovereign and quasi-sovereign foreign debt, only requires Ukreximbank and Oschadbank to lengthen maturities on their loan participation notes but not impose and “haircut“ or coupon reduction on investors, the Finance Ministry said.

"Despite the fact that 2015 LPNs and other debt instruments of Ukreximbank and Oschadbank are included in the future debt transactions, they are only to re-profile the liabilities [prolong their maturity term] due to special circumstances towards state-run banks," reads a ministry issued report which was issued on Thursday.