Ukraine completed its $20.5B Eurobond restructuring, reducing the national debt by $9B. The restructuring process included the exchange of 13 series of government Eurobonds and one series of state-guaranteed Ukravtodor Eurobonds worth about $20.5B, approximately $24B including capitalize... #DebtRestructuring #Eurobond #UkraineBudget #ukrainedebt #ukravtodor
Ukraine has doubled its national debt, and here is what will happen next. During the 2.5 years of the full-scale war, Ukraine’s public debt has increased by 130% in hryvnia equivalent (+₴3.644B), and in foreign currency by 66% (+$62B). “Despite everything, the d... #DanyloHetmantsev #DebtRestructuring #UkraineBudget2024 #ukrainedebt
Why is successful debt restructuring so important for Ukraine? The debt restructuring agreement that was reached with creditors is a very important step that demonstrates the creditors understand Ukraine’s needs, said ex-Minister of Finance of Ukraine Natal... #DebtOfUkraine #DebtRestructuring #GDPwarrantsOfUkraine
The parliament comments on the lowering of Ukraine’s credit rating to RD. Early this week, the Fitch rating agency downgraded Ukraine’s long-term credit rating from level C to RD. The $750M 2026 Eurobonds, on which Ukraine failed to make the August 1 coupon payment, w... #CreditRatingUkraine #DanyloHetmantsev #DebtRestructuring #Eurobond #ukrainedebt #ukravtodor
Fitch Ratings lowers Ukraine’s credit rating to limited default. In particular, the issuer’s long-term foreign currency default rating was downgraded from C to RD (restricted default), Fitch Ratings said in a statement. This rating level means that the issuer... #Creditors #DebtRestructuring #DefaultUkraine #eurobonds #FitchRatings #ukrainedebt #ukravtodor
Ukraine is increasing its national debt, but its value has decreased by 10.3% since the beginning of the year. As of June 30, the state and state-guaranteed debt of Ukraine amounted to ₴6.16T ($152.2B), including external debt – ₴4.45T ($109.9B), internal debt – ₴1.71T ($42.2B), the Ministry of Finance s... #Creditors #DebtRestructuring #InternationalAid #UkraineBudget #ukrainedebt
S&P downgrades Ukraine’s credit rating to “selective default” in response to the Eurobond restructuring. The international rating agency S&P Global lowered Ukraine’s long-term and short-term credit ratings in foreign currency to the level of selective default – from CC/C to SD/SD – due to the m... #ConcordeCapital #CreditRatingUkraine #DebtRestructuring #DefaultUkraine #StandartandPoor #ukrainedebt
Despite market fears, Ukraine has paid $200M to GDP warrant holders. Ukraine has paid about $200M to holders of its GDP warrants, securities that weren’t part of a recent $20B Eurobond restructuring agreement with private creditors. The warrants have disbursements link... #DebtRestructuring #EurobondsPayments #GDPwarrants #UkraineBond #ukrainedebt
The Cabinet of Ministers introduces a payment moratorium for Ukraine’s Eurobonds. The Cabinet of Ministers exercised the right granted to it by the Ukrainian Parliament and introduced a temporary moratorium on Ukraine’s Eurobond payments. “In connection with the impleme... #debtpayments #DebtRestructuring #Eurobond #UkraineBond #ukrainedebt #ukravtodor
Fitch downgraded Ukraine’s rating to pre-default level after its debt restructuring deal. Fitch Ratings downgraded Ukraine’s long-term issuer default rating (IDR) in foreign currency from CC to C. “Ukraine’s downgrade reflects Fitch’s view that the agreement in prin... #DebtRestructuring #DefaultUkraine #FitchRatings #imf #ukrainedebt #UkraineEconomy
Ukraine agreed to a debt restructuring with its Eurobond holders. As Prime Minister Denys Shmyhal reported, Ukraine has reached fundamental agreements with a committee of Eurobond owners. This is a crucial stage in Ukraine’s debt restructuring, saving $11.4B i... #DebtRestructuring #DenysShmyhal #Eurobond #UkraineBond #ukrainedebt
Ukraine is trying for the second time to restructure more than $20B in Eurobonds. A group of Ukrainian bondholders has signed non-disclosure agreements to begin a second round of formal talks with the Ukrainian government to restructure more than $20B in debt. Negotiations started ... #DebtRestructuring #Eurobond #imf #UkraineBond #ukrainedebt
In August, Ukraine is scheduled to pay $210M to the owners of GDP warrants, but the Ministry of Finance is delaying the decision. Ukrainian Eurobonds holders are still determining the fate of their GDP warrants, the total nominal value of which is $3.2B. On August 1, in addition to the payment for Eurobonds maturing in 2026, Ukr... #Creditors #DebtRestructuring #Eurobond #ForeignInvestor #GDPwarrants #UkraineBond #ukrainedebt
Owners of Ukrainian GDP warrants are rallying for negotiations on restructuring. Some holders of Ukrainian GDP warrants are planning to create a group that will represent their interests in restructuring sovereign debt, the data platform on public markets, and REDD companies repor... #Creditors #DebtRestructuring #ForeignInvestor #GDPwarrants #imf #UkraineBond #ukrainedebt
Ukraine makes new offers to creditors to reach an agreement on debt restructuring. Ukraine plans to include GDP warrants in a proposal to restructure international bonds worth about $20B. This is a new attempt by Kyiv to establish contact with investors after formal negotiations thu... #Creditors #DebtRestructuring #GDPwarrants #imf #UkraineBond #ukrainedebt
Ukraine has a month to avoid default. According to The Economist, Ukraine is facing a looming financial crisis, because the two-year deferral of debt service payments that the country’s creditors agreed to is about to expire. The de... #Creditors #DebtRestructuring #DefaultUkraine #UkraineBond #ukrainedebt #UkraineEconomy
Ukraine seeks a common ground with bondholders and tries to avoid default. As Bloomberg explains, Ukraine is trying to reduce debt payments in wartime, but Kyiv needs to maintain good relations with creditors to restore the economy after the war. The Ukrainian government ins... #Creditors #DebtRestructuring #DefaultUkraine #JPmorgan #UkraineBond #ukrainedebt
Ukrainian eurobonds drop in value following creditors’ refusal to write part of the debt off. The value of Ukrainian Eurobonds fell during trading on June 17, showing one of the worst performances for emerging markets. The country’s eurobonds weakened across the curve, with bonds maturin... #DebtRestructuring #Eurobond #financeUkraine #SerhiyMarchenko #UkraineBond #UkraineBudget
Ukraine has not agreed with its creditors on Eurobond restructuring terms. Ukraine and a special committee of creditors, representing the owners of almost 20% of Ukraine’s Eurobonds, negotiated between June 3 and 14 and exchanged restructuring proposals. However, according t... #Creditors #DebtRestructuring #Eurobond #imf #UkraineBond
The US hopes Ukraine will restructure its debt by autumn. The US hopes that Ukraine will be able to reach an agreement with private creditors on debt restructuring by September 1, US Deputy Treasury Secretary Wally Adeyemo while in Kyiv. “This is one o... #CompensationForUkraine #DebtRestructuring #imf #IrynaMudra #ukrainedebt #WallyAdeyemo
Fears about Ukraine’s default were allayed in the Ukrainian parliament. The WSJ reported the other day that some owners of Ukrainian Eurobonds want Ukraine to resume servicing its obligations starting next year, with up to $0.5B in interest payments annually. If the parti... #DanyloHetmantsev #DebtRestructuring #DefaultUkraine #Eurobond #UkraineBond #UkraineDebtRepayment
Ukraine’s Eurobond holders demand payment resumption next year. A group of foreign bondholders, including BlackRock and Pimco, will pressure Ukraine to resume interest payments on its debt as early as next year. The WSJ notes that the owners of outstanding Ukraini... #BlackRock #DebtRestructuring #Eurobond #Pimco #ukrainebonds #ukrainedebt
Bank of America believes that Ukrainian dollar bonds have growth potential. Strategists at BofA Securities, an American multinational investment banking division under the auspices of Bank of America, believe that Ukrainian dollar bonds show significant growth potential. Mean... #BankOfAmerica #CurrencyBond #DebtRestructuring #financeUkraine #UkraineBond #UkraineEconomy
Ukraine will propose a $20B debt restructuring plan by May. Ukraine has prepared a $20B debt restructuring plan for private bondholders and plans to present it by the beginning of May. It is noted that it is critical for Ukraine to conclude a debt restructurin... #DebtRestructuring #DebtSecurities #financeUkraine #UkraineBond #ukrainedebt #UkraineSecurities
Ukraine’s hard currency bonds extended their losses after the US House of Representatives approved the financial and military aid package. According to Bloomberg, Ukrainian currency bonds initially jumped after the US House of Representatives approved a financial and military aid package worth nearly $61B. However, positive sentiment ero... #BondSalesUkraine #CurrencyBond #DebtRestructuring #financeUkraine #financialaidforUkraine #UkraineBond
Ukrainian debtholders plan to create a committee of creditors against the background of a possible debt restructuring. According to Bloomberg, large bondholders may intensify negotiations to create such a group after the IMF meeting on April 17. They note that time pressure is increasing as the moratorium on Ukrainian... #DebtRestructuring #ForeignInvestor #IMFmeeting #UkraineBond #UkraineBudget2024 #ukrainedebt
Ukraine’s debt to the IMF is recognized as stable and is not subject to restructuring. To the question of whether the IMF can write off Ukraine’s approximately $15B in debt, taking into account an analysis of Ukraine’s debt sustainability, the top manager of the IMF, Julie K... #DebtRestructuring #imf #JulieKozack #ukrainedebt
The IMF plans to discuss Ukraine at the spring meetings with the WB. The top manager of the IMF, Julie Kozack, said: “We will discuss during the spring meetings on April 15 (between the IMF and the World Bank) the situation in Ukraine and the critical importance of the... #DebtRestructuring #imf #JulieKozack #RussianAssets #RussianAssetsConfiscation #ukrainedebt #worldbank
Ukraine’s national debt increased by 54% during the first two years of the war. From February 2022 to February 2024, Ukraine’s state debt increased by $50.4B. To reduce debt pressure on the state budget, Ukraine has worked to attract loans on preferential terms. For example, the ... #DebtRestructuring #imf #UkraineBudget2024 #ukrainedebt #worldbank
Ukraine will defer payments on its national debt with the US, and the Eurobond restructuring might include a partial debt write-off. Ukraine and the US signed an agreement to postpone public debt payments with a group of Ukraine’s creditors from the G7 countries and the Paris Club. At the same time, the debt sustainability analysis... #DebtRestructuring #GDPinUkraine #imf #UkraineBudget2024 #ukrainedebt #UkraineEconomy
Ukraine is unable to pay its bond owners $4.5B, so it is starting debt restructuring negotiations. Beginning in August, Ukraine must pay Eurobond holders $4.5B to service its debt. In 2024, Ukraine is scheduled to pay $910M that will be applied to the principle and $3.61B in interest. However, this... #DanyloHetmantsev #DebtRestructuring #financeUkraine #ukrainebonds #UkraineBudget #Єврооблігації
The IMF supports a moratorium on Ukraine’s national debt payment until 2027. To that end, the restructuring will be carried out by the middle of 2024, said the head of the IMF mission in Ukraine, Gavin Gray. “An ambitious external commercial debt restructuring should be ... #DebtRestructuring #GavinGray #imf #UkraineBudget #ukrainedebt
Ukraine has started consultations to restructure the $20B state debt. As Reuters writes, preliminary consultations with foreign bondholders regarding the restructuring of payments began ahead of schedule and have been going on for several weeks. Talks with bondholders w... #DebtRestructuring #GavinGray #imf #UkraineBond #ukrainedebt
The National Bank of Ukraine has recommended businesses restructure their foreign loans. Ukrainian businesses have an urgent need to settle external business debt, and the NBU has determined that banks should recommend to their clients with existing debt to non-residents to contact credi... #DebtRestructuring #foreignloans #nbu
Ukraine’s foreign debt should be restructured. Former Chairwoman of the National Bank of Ukraine Valeriia Hontareva believes that Ukraine’s external debt should be restructured by postponing payments for five to ten years, reported NV.ua. “... #DebtRestructuring #ukraine #ukrainedebt
