Restructuring of Ukrainian state debt

Ukraine's largest private lender, the Fund Franklin Templeton, which holds more than a third of external debt of Ukraine, joined a group of creditors, which hold 50% of Ukrainian Eurobonds for negotiations with Kiev on the restructuring of Ukrainian state debt.

"The largest holder of foreign debt Ukraine appointed Blackstone advisor and Weil (Gotshall) - legal advisor to assist in negotiations with creditors Ukraine," - said one of the sources.

As stated by the source of FT, Ukrainian lenders do not want to write off part of the debt of Ukraine, as declared by the scale of the reduction of payments in their opinion (about $ 15 billion over four years - Ed.) Is too large.

Franklin Resources is a holder of securities of Ukraine for about $ 7 billion, or more than a third of Ukrainian Eurobonds. In addition, the number of creditors also includes PIMCO, Blackrock, Fidelity and Stone Harbor.

As the Minister of Finance of Ukraine Natalia Yaresko said to investors on Friday, Ukraine wants to restructure included write-offs, as well as an extension of the bonds and the reduction coupons. To this end, Ukraine has attracted the investment bank Lazard as financial advisor to negotiate with foreign creditors.

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