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 listed on the Irish Stock Exchange.
On September 18th, Ukraine placed 15-year Eurobonds worth $3 billion at 7.375% per annum, which was the country’s first placement on foreign loan markets without the participation of the United States or Russia since early 2013.
In 2014-2016, Ukraine annually placed 5-year Eurobonds worth 1 billion dollars under US state guarantees at low rates, and at the end of 2013 sold Eurobonds to Russia for 3 billion dollars at 5% per annum, which was also much lower than market rates.