Ukraine completed the placement of bonds of external state loans of Ukraine in the amount of $3 billion, September 26 on account of the state Treasury received $1.3 billion, the press service of the Ministry of Finance.
«At the same time had completed the operation on repurchase of bonds of external state loans of Ukraine, maturing in 2019 and 2020 for a total of $1.68 billion, Such transaction was undertaken to reduce the peak load on the state budget for repayment of the state debt in 2019-2020», – noted in Department.
The Ministry of Finance announced that the funds from the placement of Eurobonds, which went to the state Treasury account, will be used for financing the General Fund of the state budget.
18 September, Ukraine placed Eurobonds for $3 billion under 7,375% per annum with 15 years maturity. Conditions of issue require the amortization of the debt with full payment in four equal tranches in years 2031-2032. The transaction was the first market placement for the country since 2013, when Ukraine sold 10-year Eurobonds for $1.25 billion with a yield of 7.5% per annum.
During 2014-2016, annually Ukraine has placed five-year Eurobonds worth $1 billion, debt securities were guaranteed by the United States that allows the country to borrow at record low interest rates – for example, last year the yield of Eurobonds of Ukraine amounted to 1,471%.
Ukraine completed the placement of Eurobonds, on account of the state Treasury received $1.3 billion 27.09.2017