Sberbank has agreed to restructure the Ukrainian debt


“We exchanged 100% of nominal debt and the accumulated interest on government securities of Ukraine. 75% of this amount we will get Eurobonds Ukraine, maturing in 2019, 25% of the amount note, the payment tied to the level of GDP of Ukraine”, — said a source in Sberbank.

Another source in Sberbank confirmed this information. The Bank press service refused to comment.

On Thursday, 12 February, Finance Minister Natalie Jaresko at the meeting of the Cabinet of Ministers of Ukraine reported that Ukraine has agreed with the savings Bank about write-off of certain credits issued in 2011, “Ukravtodor” and “CB “South” to them. Yangelya”.

“We managed to negotiate with the lender regarding the following conditions: the amount of debt — $367,4 million, a 25% cancellation of the debt face value, i.e. $91,8 million, the continuation of the maturity period September 1, 2019 and issuing a new debt bonds external state loan and corresponding output state derivatives”, — “Interfax” the words Jaresko. The Minister added that these conditions fully comply with the requirements of the International monetary Fund.

Jaresko explained that the debt was raised in 2011, state-owned enterprises “Ukravtodor” and “Design Bureau “southern” (Dnepropetrovsk) under the guarantee of the state and from the beginning fully repaid from the state budget.

Sberbank of Russia in July 2011 provided $376 million of credit funds of the State service of highways of Ukraine (“Ukravtodor”) and in September a credit of $260 million “Design Bureau “southern” them. Yangelya”.

January 13, the Ukrainian Finance Ministry said that Kiev agreed in principle on the restructuring of loans granted by Sberbank.

That entered in December a moratorium on repayment of debts of two Ukrainian companies to the Russian Bank will be withdrawn, January 12, said the head of Sberbank German Gref, stating that the solution was found in the negotiations in late December.