Citibank will receive Ukrainian Eurobonds worth USD 31.617 million maturing on 1 September 2019 and government derivatives worth USD 10.389 million, payments on which are pegged to the GDP, under a deal on restructuring the Ukravtodor state automobile road service’s loan of USD 41.5 million. The Interfax Ukraine news agency reported this, citing a Cabinet of Ministers resolution.

During approval of this deal at a meeting of the Cabinet of Ministers, Finance Minister Natalie Jaresko said that the deal was expected to be completed on Thursday, 25 February.

According to Jaresko, the terms of restructuring Ukravtodor’s loan are similar to the terms under which the two state-guaranteed loans totaling about USD 367 million that Sberbank of Russia provided to Ukravtodor and the Yuzhny Design Office in 2011 were restructured on 12 February.

As reported, holders of Ukrzaliznytsia’s bonds approved restructuring of the bonds without issuance of government bonds in mid-February.