Photo: Perild.com
Postponement of payments on Eurobonds will reduce the burden on the liquidity of Ukrzaliznytsia
This is the first successful operation with the external debt of corporate borrowers not secured by state guarantees since the beginning of Russia’s full-scale invasion of Ukraine.
Ukrzaliznytsia has completed the last formalities for rescheduling Eurobonds for a total of $895 million. This was announced yesterday by the Ministry of Infrastructure.
As a result, debt repayments on Eurobonds were postponed from 2024 to 2026, and from 2026 to 2028.
It is indicated that this is the first successful operation with the external debt of corporate borrowers not secured by state guarantees since the beginning of Russia’s full-scale invasion of Ukraine.
“The postponement of payments on Eurobonds will reduce the pressure on the company’s liquidity, which in turn will provide more opportunities to restore infrastructure and increase the export capacity of railway transport,” the report says.
Recall that in August 2022, Ukraine was given a deferment on external debt for $20 billion. Foreign creditors have frozen payments on international bonds for two years to prevent a default.
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