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Ukraine to skip $5.37 billion of principal debt payments this year
Journal Staff Report

KIEV, April 21 – Ukraine's plans to save $5.37 billion due to the restructuring of sovereign and government-backed debts in 2015 by deferring principal payments due this year, Ukreximbank announced on its website.

The eurobonds worth $3 billion bought by Russia account for the lion's share of the total debt offered for the restructuring (almost 56%). These bonds are maturing in December 2015. They're followed by Ukreximbank's loan participation notes worth $750 million, which are maturing late in April 2015, then go sovereign eurobonds worth EUR 600 million maturing in October and sovereign eurobonds worth $500 million maturing in September 2015. They're followed by Kiev's eurobonds worth $250 million, which are falling due in November and state-run companies' loans worth $225.543 million in total.




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