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RF to object against including Ukraine’s $3bln Eurobond debt into restructuring schemes

February 25, 2014, 21:55 UTC+3 MOSCOW
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MOSCOW, February 25, /ITAR-TASS/. Russia objects against including Ukraine’s three-billion-U.S. dollar Eurobond debt into any multilateral debt restructuring scheme in case of the issuer default, Russian Deputy Finance Minister Sergei Storchak told journalists on Tuesday.

“In any case, we will be against including Ukraine’s bond debts [in case of the issuer default] into any multilateral restructuring schemes. It would be unfair,” he said.

If it comes to such decisions, the sides will agree it at a bilateral level, he noted. “I think our bond claims will be outside the overall package. We shall see to it that these funds are not included into the overall loan body,” he said.

In late 2013, Russia took a decision to invest up to 15 billion U.S. dollars in Ukraine’s Eurobonds. Soon, it bought the first tranche worth three billion U.S. dollars with a maturity term of two years under a coupon rate of annual interest of five percent.

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