Status of Ukraine's Eurobond Held By the Russian Federation
IMF Staff Country Reports, December 16, 2015
Source details
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- Status of Ukraine's Eurobond Held By the Russian Federation
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Bibliographic details
- Published: December 16, 2015
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513508825.002
Overview
- Date: December 16, 2015
- Core subject: legal and debt-status assessment of a Eurobond issued by Ukraine and held by the Russian Federation.
- Context: The bond was acquired by Russia’s National Wealth Fund (NWF) pursuant to a decision by the Russian Government to provide assistance to Ukraine.
Facts and context provided
- The bond was acquired by Russia’s National Wealth Fund (NWF) pursuant to a decision by the Russian Government to provide assistance to Ukraine.
- Public statements at the time the bond was issued: Russia’s Finance Minister, Mr. Siluanov, explained that assistance was being provided via the NWF because the funds had not been appropriated in the federal budget, ruling out a direct intergovernmental credit.
IMF staff assessment (key finding)
- The IMF staff is of the view that the Eurobond is an official claim for the purposes of the IMF’s policy on arrears to official bilateral creditors.
Subjects and keywords (as listed)
- Subject: Arrears, Bonds, Credit, Credit ratings, Export credits, External debt, Financial institutions, International trade, Money
- Keywords: Arrears, Bonds, CR, Credit, Credit ratings, Eurobond, executive board assessment, Export credits, finance minister, government, investment guideline, ISCR, NWF, Russia's National Wealth Fund, Ukraine's Eurobond
Status of Ukraine's Eurobond Held By the Russian Federation, IMF (December 16, 2015).