Contents tagged with Ukrainian Finance Ministry
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Ukraine to pay $15.7 billion in foreign debt in 2019
Ukraine will have to pay $15.7 billion in foreign debt, the press service of the National Bank of Ukraine (NBU) reported. According to the NBU, Ukraine will pay $5.609 billion in the first quarter. In the second and third quarters, the amount of payments will fall to $3.608 billion and $3.919 billion, respectively. In the third quarter of 2019, Ukraine will have to pay $ 2.519 billion.
According to the NBU, the largest payment will be for non-banking sectors of economy and will reach $2.922 …
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Ukraine will not receive macro-financial assistance from the EU in March
The Ukrainian Financial Ministry stated that Kyiv might not have time to get macro-financial assistance from the EU in the amount of 500 million euro by the end of March 2019.
"Now, the [EU] assessment mission is working and drawing its conclusions. We have very little time left till the end of this month and we should count on future periods [for funding],” Deputy Minister of Finance Vasyl Shkurakov said. He estimated that Ukraine should receive about 4 billion dollars from external creditors …
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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, …