The Cabinet approved the restructuring of the domestic debt at 229 billion

The Cabinet of Ministers of Ukraine approved the issue of bonds of internal state loan in the amount of 229 billion hryvnia maturing 2025-2047 years to exchange them for previously issued bonds maturing in the years 2017-2030 with a nominal value 221,6 billion UAH and unpaid coupon income on them by 7 billion UAH.

The corresponding resolution was adopted at the government meeting on Wednesday.

According to the draft resolution, which was adopted without discussion and edits, the annual interest rate on the new bonds will be the rate of inflation over the last 12 months plus 1,5 percentage points.

In the case of deflation, the annual interest rate will be 1.5%.

As UNIAN reported earlier, the total portfolio of government bonds of the National Bank is 380 billion UAH.

Reprofiling aimed at reducing the burden on the state budget due to the change in the timing of repayment and servicing of government bonds in the portfolio of the NBU.

Earlier, the head of the NBU Valery Gontareva said that the profit of the National Bank of Ukraine for 2017 to be transferred to the state budget in 2018 will depend on reprofiling bonds of internal state loan (government bonds) in the portfolio of the regulator.

According to Prime Minister Vladimir Groisman after reprofiling the government is ready to allocate 15 billion hryvnias on improvement of road infrastructure in the country.