Ukraine's plans to save $5.37 billion due to the restructuring of sovereign and government-backed debts in 2015 include the principal debt only, which is due this year, according to Ukreximbank's announcement on its website.
The eurobonds worth $3 billion bought by Russia account for the lion’s share of the total debt offered for the restructuring (almost 56 percent). These bonds are maturing in December 2015. They’re followed by Ukreximbank’s loan participation notes worth $750 million, which are maturing late in April 2015, then go sovereign eurobonds worth 600 million euro maturing in October and sovereign eurobonds worth $500 million maturing in September 2015. They’re followed by Kyiv’s eurobonds worth $250 million, which are falling due in November and state-run companies’ loans worth $225.543 million in total.
Thus, the total sum of the expected saving due to the restructuring is almost $5.37 billion, while the Extended Fund Facility program agreed by Ukraine with the International Monetary Fund foresees $5.2 billion.
