OREANDA-NEWS. May 27, 2015. The negotiations between Ukreximbank and its ad hoc creditors' committee for the reprofiling of its three Eurobonds maturing in 2015, 2016, and 2018, totaling approximately US\\$1.5 billion have been successfully completed. This will result in total savings to Ukraine’s balance of payments of up to US\\$1.5 billion for the 2015-2018 period.

The results of the negotiations are fully in line with the objectives of the IMF supported program and demonstrate Ukraine's commitment to finding collaborative and good faith acceptable outcomes in the framework of its current debt restructuring negotiations both for Ukraine and its creditors. 

The Ministry of Finance of Ukraine looks forward to continuing negotiations with the debtholders of other instruments included in the perimeter of Ukraine's debt operation. In particular, to meet the three IMF-agreed targets, the sovereign debt restructuring will also need to reduce debt levels and debt service.