A group of Ukraine's creditors welcomes the agreement in principle reached between Ukraine and the special committee of creditors on the terms of the restructuring of the debt on Eurobonds, according to a statement on the website of the Ministry of Finance of Canada. This was reported by Interfax-Ukraine.
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“The group confirms that it is satisfied with the agreement, which was confirmed by the IMF staff as consistent with the objectives of ensuring Ukraine's debt sustainability under the Extended Fund Facility (EFF), in line with the underlying macroeconomic framework of the fourth review of 28 June 2024, taking into account the government's overall restructuring strategy,” it says. in the release.
It notes that the principle of comparability of the restructuring scheme must be observed when the Group restructures its debt in 2027.
Official creditors called on Eurobond holders to promptly agree to Ukraine's proposal to exchange for new bonds as part of the restructuring, officially published on August 9.
The group of creditors of Ukraine includes Canada, France, Germany, Japan, the United Kingdom and the United States. Observers in the Group are Australia, Austria, Belgium, Brazil, Denmark, Finland, Ireland, Israel, Italy, Korea, the Netherlands, Norway, Spain, Sweden and Switzerland.
We remind you that the process of restructuring Ukraine's external debt on Eurobonds has officially started.
- Government debt Eurobonds