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Ukraine made its $75 million coupon payment to Russia — Russian Finance Ministry

June 22, 2015, 11:10 UTC+3
The coupon was made on $3 billion Eurobonds which Russia bought from Viktor Yanukovych’s government in December 2013
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© TASS/Sergei Konkov

MOSCOW, June 22. /TASS/. Ukraine has carried out coupon payment of $ 75 million on $ 3 billion Eurobonds, the Head of the Debt and State Financial Assets Department of the Finance Ministry Konstantin Vyshkovsky told TASS on Monday.

"Yes, everything is fine. I confirm that the payment has been made," he said.

The coupon was made on $3 billion Eurobonds which Russia bought from Viktor Yanukovych’s government in December 2013.

Earlier, Russia’s Deputy Finance Minister Sergey Storchak told reporters that Russia expects to receive $75 million on June 22 from Ukraine, and that any case on non-payment will be considered a "default."

Previously, Ukraine’s Finance Ministry asked the holders of its sovereign Eurobonds to identify themselves.

In particular, the ministry is to appoint DFKing Limited, a member of Orient Capital Group as the "identification agent".

Ukraine will ask the holders of its Eurobonds or investment managers to identify themselves to the agent for future negotiations.

According to Ukraine’s Finance Ministry, Kiev has been in talks with international creditors since March on restructuring part of the debt worth around $23 billion, while total debt is worth around $70 billion. The package of financial aid to Ukraine for the next four years constitutes $40 billion. From the beginning of 2015, Ukraine received $6 billion from international creditors in financial assistance, in 2014 - around $9 billion. Ukraine plans to save around $15.3 billion on debt payments.

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