Ukraine has restructured all Eurobond issues, except for 'Russian' issue, says Yatsenyuk

The holders of 13 of the 14 issues of sovereign Eurobonds guaranteed by the Ukrainian state supported their restructuring at meetings in London on October 14, and no agreement was received only with regard to the 'Russian' Eurobonds due to the creditor's absence, Ukrainian Prime Minister Arseniy Yatsenyuk has said.

Ukrainian Prime Minister Arseniy Yatsenyuk. Source: Reuters

The holders of 13 of the 14 issues of sovereign Eurobonds guaranteed by the Ukrainian state supported their restructuring at meetings in London on October 14, and no agreement was received only with regard to the 'Russian' Eurobonds due to the creditor's absence, Ukrainian Prime Minister Arseniy Yatsenyuk has said.

"The Ukrainian creditors made a decision to write off $3 billion and to accept both the write-off and restructuring terms," he told a press briefing in Kiev on Oct. 15.

"As was expected, the only country that did not take part in the vote, and it is such an interesting country, it is called the Russian Federation. And [the issue of] the $3 billion that Russia should restructure and also partially write off remained unresolved," the Ukrainian premier said.

Ukraine will once again call on Russia to accept the general restructuring terms at a meeting on October 29, he said.

"If they think that they are unique, we are ready for a judicial examination of the case with the Russian Federation," Yatsenyuk said.

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