A group of Ukrainian lenders intend to derail a deal to restructure the debt on Eurobonds, which the authorities agreed with the creditors’ committee of Ukraine. This was reported by Bloomberg with reference to the law firm Shearman & amp; Sterling LLP, which represents the interests of this group of creditors.
According to the company, the group owns 25% of the creditors of eurobonds of Ukraine for $ 500 million and a block majority voting. Moreover, these lenders are willing to make concessions if the Eurobond will be revised certain terms of the transaction. The reason for the disturbance began to terms that were agreed in the new agreement with creditors: the postponement of repayment of their bonds was greater than that of other holders of Eurobonds.
The Agency also reminds that the holders of “short” of government bonds of Ukraine have also expressed their outrage and demanded to revise the terms of the transaction. The report Shearman & amp; Sterling LLP notes that they call the rest of the holders of Eurobonds, and Ukrainian authorities to the negotiating table to discuss the deal.
According to the agency, the principal holder of Ukrainian Eurobonds, fund Franklin Templeton, has yet to respond to this demand.
Previous reported that lenders require from Ukraine to change the terms of writing off 20% of the debt. At the same time in the Verkhovna Rada Thursday, September 18, took required for debt restructuring bills.
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