Finance Ministry urges abstaining investors to approve restructuring of Kyiv eurobonds worth $250 mln

The Ukrainian Finance Ministry has urged abstaining investors to approve Kyiv's proposal on the exchange of eurobonds worth $250 million maturing in 2015 for sovereign eurobonds maturing in 2019-2020 and state derivatives, according to the website of the agency.

The Ministry of Finance noted that the maturity period of these securities has expired. In turn, the possibility of their exchange is stipulated only in the national budget of Ukraine for 2015.

As reported, some 57.07% of bondholders supported Kyiv's proposal as for restructuring eurobonds worth $250 million. After the expiration of the deadline for filing applications for securities exchange on December 8 Kyiv extended it until December 16.