Contents tagged with Eurobonds

  • Expert: Ukraine’s sovereign loan one of world’s most expensive 

    On October 26, 2018, the Ukrainian Finance Ministry placed a $2 billion sovereign eurobond, of which a $750 million 5-year tranche was issued at a rate of 9% and a $1.25 billion tranche at 9.75%. According to a Zerkalo Nedeli article by Tetiana Bohdan, chief of the Optima Expert-Analytical Center public finance department, this was one of the most expensive eurobond issuances in the world between October and November 2018. 

    “As for world record-holders that have theoretically overtaken Ukraine, …

  • Putin supports the plan to stop using the US dollar in Russia

    The head of the Russian bank VTB Andrey Kostin stated that the Russian President Vladimir Putin “mostly” supported his proposal to stop using the US dollar, RIA Novosti reports.

    We do not intend to completely abandon the dollar, said Kostin. According to him, the proposal recommends a gradual transition to transactions in other national currencies, for example, between the countries of the Eurasian Economic Union and in specific areas such as weapons.

    “This is a long-term plan and is aimed …

  • Russian Finance Minister promised to hide transactions aimed at moving capital back to Russia

    If, next year, the Russian Ministry of Finance issues Eurobonds for businessmen who are interested in moving their capital back to Russia, the information about these investors, their names and amounts, will be protected from the Western financial system by the Russian banking system and the Central Depository, Russian Minister of Finance Anton Siluanov told journalists.

    “If our businessmen want to avoid revealing the movement of their capital, they can act through Russian banks. If they open …

  • Ukraine receives $1.3 billion from placement of its Eurobonds

    $1.318 billion from the placement of 15-year Eurobonds arrived in Ukraine. The external loan bonds were issued for $3 billion, but a significant part of those funds was used to buy out previously issued bonds, which mature in 2019-2020, as reported to UNIAN by the Ukrainian Ministry of Finance.

    Previously, the Ministry of Finance said that this money would be used to replenish the general fund of the state budget.

    However, Ukrainski Novyny reported that the new Ukrainian Eurobonds have been …

  • Ukrainian eurobonds six times oversubscribed

    “The first Ukrainian sovereign Eurobond placement after a long interval, the results of which are now being presented, caused a sharp dispute among investors – it was six times oversubscribed,” said Ukrainian President Petro Poroshenko.

    “This is clear evidence of the fact that today the entire world is voting with its money to trust Ukraine and the effectiveness of our reforms,” he said at a meeting with leaders of the Ukrainian community in New York on Monday.

    The Ukrainian government has …

  • Ukraine is preparing to issue $1 billion in Eurobonds in the fall

    In his interview with The Wall Street Journal, Finance Minister of Ukraine Oleksandr Danyliuk stated that Ukraine is preparing for the issuance of one billion dollars in Eurobonds in the fall.

    “The government plans to return to the international bond market after long-term pension reform is adopted. I believe that there is already an appetite for us in the market. But I believe that we should not be in a hurry," said Danyliuk.

    He also confirmed plans by the Cabinet to carry out land reform. …