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RESOLUTION OF THE CABINET OF MINISTERS OF UKRAINE

of July 31, 2024 No. 865

About implementation in 2024 of transactions with public debt and the debt guaranteed by the state

According to the paragraph the second 16, the paragraph the second Item 3-10 of the Section VI "Final and transitional provisions" of the Budget code of Ukraine, part one of article 1 of the Law of Ukraine "About features of implementation of transactions with the state, guaranteed by the state debt and local debt and the state derivatives" for the purpose of effective management of public debt in the conditions of martial law imposed by the Presidential decree of Ukraine of February 24, 2022 No. 64/2022 "About introduction of warlike situation in Ukraine" the Cabinet of Ministers of Ukraine decides Article parts seven:

1. Perform the transaction on the translation of the debt guaranteed by the state on the borrowings involved in 2021 under the state guarantees for the purpose of financial provision of development of network and content of highways public of the state value (the bond (eurobond), to public debt (further - the transaction on the translation) by exchange, including receipt of consent to obligatory exchange, the debt obligations which arose on such borrowings according to resolutions of the Cabinet of Ministers of Ukraine of April 2, 2021 No. 327 "Question of financing of construction objects, reconstruction, capital and running average repair of highways public of the state value in 2021 due to the borrowings involved under the state guarantees" (The Official Bulletin of Ukraine, 2021, No. 31, the Art. 1785), of April 28, 2021 No. 442 "Question of financing of construction objects, reconstruction, capital and running average repair of highways public of the state value in 2021 due to the borrowings involved under the state guarantees" (The Official Bulletin of Ukraine, 2021, No. 37, the Art. 2232) and of May 26, 2021 No. 519 "Some questions of implementation by the State agency of highways of borrowings under the state guarantees in 2021" (The Official Bulletin of Ukraine, 2021, No. 44, the Art. 2688), on the bond of external state loans of Ukraine of 2024.

2. Approve the Main conditions of transactions with public debt which are performed in 2024 and terms of transaction on the translation of the debt guaranteed by the state on the borrowings involved in 2021 under the state guarantees for the purpose of financial provision of development of network and content of highways public of the state value (the bond (eurobond), to public debt in connection with which placement (issue) of bonds of external state loans of Ukraine of 2024 is performed (further - the main conditions) which are applied.

3. Determine that provisions of the resolution of the Cabinet of Ministers of Ukraine of March 14, 2018 No. 186 "About placement (issue) of bonds of external state loans" (The Official Bulletin of Ukraine, 2018, 26, Art. 938) are not applied No. to bonds of external state loans of Ukraine of 2024 which conditions of placement (issue) are determined in the Main conditions.

4. Due to the implementation of transactions with public debt on bonds of external state loans of 2018 of the first series it is temporary to stop since August 1, 2024 implementation of payments on the debt obligations of the state connected with payment of interest income on bonds of external state loans of 2018 of the first series of rather interest income added and delayed concerning the periods of charge of interest income since February 1, 2022 till January 31, 2024 (inclusive) and also any interest income added, but not paid on such interest income and the interest income added concerning the period of charge of interest income since February 1, 2024 till July 31, 2024 (inclusive) for term, the stipulated in Clause 1 Law of Ukraine "About features of implementation of transactions with the state, guaranteed by the state debt and local debt and the state derivatives".

4-1. Due to the implementation of transactions with public debt on bonds of external state loans of 2015 of the fourth - series it is temporary to ninth to stop since September 1, 2024 implementation of payments on the corresponding debt obligations of the state for term, the stipulated in Clause 1 Law of Ukraine "About features of implementation of transactions with the state, guaranteed by the state debt and local debt and the state derivatives".

4-2. To stop temporarily:

since September 3, 2024 implementation of payments on debt obligations of the state on the credits from Cargill Financial Services International, Inc., specified in appendix 2 to the Law of Ukraine "About features of transactions with the state, guaranteed by the state debt and local debt and the state derivatives", for term, the stipulated in Clause 1 Law of Ukraine "About features of implementation of transactions with the state, guaranteed by the state debt and local debt and the state derivatives";

since November 9, 2024 implementation of payments according to warranty obligations of the state of rather debt obligations on green bonds of sustainable development of private joint-stock company "The national energy company "Ukrenergo", issued under the state guarantee in 2021, for term, the stipulated in Clause 1 Law of Ukraine "About features of implementation of transactions with the state, guaranteed by the state debt and local debt and the state derivatives";

since May 31, 2025 implementation of payments according to obligations on the state derivatives of 2015 for term, the stipulated in Clause 2-1 Law of Ukraine "About features of implementation of transactions with the state, guaranteed by the state debt and local debt and the state derivatives".

5. To the Ministry of Finance:

1) to perform placement (issue) of bonds of external state loans of Ukraine of 2024 according to the Main conditions;

To provide 2) in case of creation of the draft of the government budget of Ukraine for the corresponding year of means for repayment and servicing of bonds of external state loans of Ukraine of 2024 which conditions of placement (issue) are determined in the Main conditions;

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