“Ukrzaliznytsia” postponed the repayment terms of Eurobonds for $895 million
30.01.2023 - 13:40
On January 27, JSC “Ukrzaliznytsia” completed the last formalities regarding the postponement of the repayment terms of Eurobonds for the total amount of 895 million dollars.
Payments for repayment of the company’s Eurobond debt have been postponed from 2024 to 2026, and from 2026 to 2028, the Ministry of Infrastructure reported.
The postponement of payments on Eurobonds will reduce the burden on the company’s liquidity, which, in turn, will provide more opportunities to restore the infrastructure and increase the export capacity of railway transport.
“I would like to note that this is the first successful operation with the external debt of corporate borrowers that is not secured by state guarantees since the beginning of the full-scale invasion,” commented the Minister of Infrastructure Oleksandr Kubrakov.
The implementation of the agreement also ensures the preservation of the reputation of “Ukrzaliznytsia” as a responsible borrower on the financial markets and will contribute to future transactions on the capital market.
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