The American minister proposes mortgaging state banks, Ukrzaliznytsia and Eurobonds of Kyiv
Kiev, March 14 (PolitNavigator, Vasily Ablyazimov) – The Minister of Finance of Ukraine, US citizen Natalya Yaresko, proposes to use Eurobonds of Kiev, the state banks Oschadbank and Ukreximbank, as well as the State Administration of Railway Transport (Ukrzaliznytsia) as collateral in the process of speedy restructuring of Ukraine’s debts. . This was reported by Interfax with reference to an informed source.
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In fact, Interfax reports, we are talking about a new debt operation, which will include bonds of the largest Ukrainian state banks, Ukrainian Railways and Eurobonds of Kyiv.
In addition, according to him, the upcoming restructuring will affect the Eurobonds of the state enterprise “Financing of Infrastructure Projects” (Fininpro), state-guaranteed obligations in foreign currency of Ukravtodor, the state enterprise for supplying medical institutions Ukrmedpostach, the Yuzhnoye design bureau named after. Yangel."
As reported, on March 11, the IMF Board of Directors approved the provision of about $17,5 billion to Ukraine as part of the updated lending program. However, the country's sovereign debt is huge, and providing credit will only increase it.
According to the Ministry of Finance, Ukraine’s debt on Eurobonds at the end of 2014 amounted to $17,28 billion. Of the total amount of direct and state-guaranteed debt, $69,81 billion at the end of 2014, 14,9% was repaid in 2015, and another 47,6. 2016% - for 2019-5, and the average debt maturity is about XNUMX years.
The government plans to repledge the debt bonds of state-owned companies, and make the assets of some companies the basis for such restructuring.
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