Pancakes: RF may require from Kiev to repay the loan at the beginning of 2015
RF may require from Kiev early repayment of the loan in the first quarter of 2015, because there are grounds for that, said Last news of the Ukrainian financial specialist Andrei Blinov.
The Minister of Finance of the Russian Federation Anton Siluanov said on the first day of the weekend that Ukraine had violated the rules of rendering of Russia loan of $ 3 billion, allowing the excess public debt above 60% of GDP, Moscow has every reason to demand from Kiev early repayment of the loan, but the Solution until it is not accepted.
first source in the Russian government said that a number of parameters that were provided Ukraine Russian bonds are broken, which Moscow has the possibility of being forced to demand from Kiev early repayment of debt in 3 billion dollars.
One of the main conditions of Ukrainian Eurobonds issue was the prohibition on exceeding a threshold level of debt at 60% of GDP. In case of violation of this rule, the holder of Eurobonds may request early redemption. Now the Ukrainian GDP is declining, while foreign debt is increasing.
" a number of indirect data state dog of Ukraine has increased 60% of GDP. In principle Yes, in the first quarter of this claim may appear, and in truth we don't know will make Russian Federation to maturity 3 billion ahead of schedule or produces, " said pancake.
in addition, he said that at present the official data on the amount of the state debt of Ukraine no. Pancakes did not rule out that the authorities have an opportunity to delay the release of these data. The expert is sure that Ukraine is somehow preparing for the repayment of this money.
" If they don't have to pay in the first quarter, they somehow will have to repay at the end, and I until not heard about the intention of some way to restructure this debt, " he noticed pancakes. In his vision, to pay off the debt of Russia, Ukraine may apply tools that may be, will receive from the IMF and Western countries.
The decision to invest in Eurobonds of Ukraine up to fifteen billion dollars Russia adopted in 2013. Was soon bought by the 1st tranche of $ 3 billion with a maturity of two years (the coupon rate of 5% per annum with the coupon once in six months). The remaining $ 12 billion Ukraine were not allocated. Russia has motivated the refusal illegal change of power in Ukraine. However, in June 2014 Ukraine transferred to Moscow in time in the form of payment % of these Eurobonds 73, $ 3 million, and in early winter paid the second coupon income on bonds in the amount of 75, 5 million dollars.
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