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Ukraine bond payments to be delayed

CrashCrash
edited July 2022 in Other Investing
AL JAZEERA: 20 July, 2022:
Ukraine intends to postpone repayment of its Eurobonds and payments of interest on them for 24 months from August 1, according to a government resolution.

The government instructed the finance ministry to hold negotiations with creditors on deferring payments by August 15 and promised additional interest on postponed payments.

It also plans to postpone payment on the GDP-linked warrants to August 2024 from May 2023.

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Comments

  • Sven
    Not surprising at all. Many Russian bonds either defaulted or not pay in USD. Either way this bond sector is struggling this year,
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