Eurobond holders approve Ukraine's proposal to defer payments - Finance Ministry

MOSCOW. Aug 10 (Interfax) - Ukraine has received necessary approval from Eurobond holders to defer payments and maturity periods on Eurobonds for two years, the Ukrainian Finance Ministry said in a statement on Euronext Dublin.

Ukraine has received and accepted consent in aggregate for approximately 75% of the total principal sum of securities in circulation, the statement said.

The terms of consent from holders has been met by at least 50% for all 13 Eurobond issues, it said.

The approved changes to the Eurobond terms are expected to go into effect on August 11, 2022, the statement said.

Consent has also been received to defer payments for two years, as well as for changes to the terms of GDP-linked bonds, it said.