Putin venerates St Nicholas's relics in Cathedral of the SaviorSociety & Culture May 24, 21:53
Putin points out Russia’s good relations with EgyptRussian Politics & Diplomacy May 24, 21:30
Ukraine names conditions for Minsk accords' political part implementationWorld May 24, 20:44
Blaze-stricken Siberian areas expecting downpours that may quash firesSociety & Culture May 24, 19:45
Contact Group on Ukraine proposes more areas of disengagementWorld May 24, 19:39
Russian Emergencies Ministry says over 70 homes burn down in SiberiaSociety & Culture May 24, 18:49
International Chekhov Theater festival opens its doors for 13th time in MoscowSociety & Culture May 24, 18:44
Putin decorates commandoes for two-day face-to-face clash with militants in SyriaRussian Politics & Diplomacy May 24, 18:31
Experts say rising military spending to push Europe to reconsider NATO’s roleRussian Politics & Diplomacy May 24, 17:56
KIEV, July 24. /TASS/. The Ukrainian Finance Ministry confirms to TASS payment of $120 mln coupon on eurobonds, Deputy Head of the Finance Ministry Artem Shevalev told TASS Friday.
July 24 is the payment deadline for Ukraine’s coupon payment on Eurobonds in the amount of $120 mln. Otherwise the country would have had to virtually default on its debt.
The debt payment was in question until the last moment. Kiev has repeatedly stated that it intends to restructure its debt to private creditors. One of the latest attempts to negotiate with the creditors was held last week.
The creditors warned Kiev that "any delay in payment will be treated as a default and endanger the recovery plans of Ukraine."
Kiev, in turn, offered to private creditors to write off 40% of the nominal value of sovereign bonds. The creditors' committee is holding hegotiations with Ukraine. The committee includes T. Rowe Price, TCW Group, BTG Pactual and Franklin Templeton investment funds.