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IMF approves intention to provide Ukraine with next tranche after pension reform
13:26, 19 September 2017
IMF approves intention to provide Ukraine with next tranche after pension reform

It allows us to expect that the investors will recognize Ukraine to be worthy to notice in the near future

13:26, 19 September 2017

Open source

The confidence of the International Monetary Fund (IMF) that approved the intention to provide Ukraine with the next tranche within EFF program became one of the reasons for the speculative demand on the Ukrainian Eurobonds. It allowed Ukraine to attract 3 billion dollars for 15 years on the reduced per annum rate from 7.75% to 7.735. Secretary of the National Investment Council, former head of the presidential administration Borys Lozhkyn claimed this as Interfax-Ukraine reported.

'The main reason for the speculative demand is a successful market trends, high rate of return and that the investors have the spare cash from investors. One more reason is the confidence of the IMF that approved the intention to provide Ukraine with the next tranche after the pension reform. The institutional investors very often rely on the opinion of the IMF towards the economic perspectives of the state', Lozhkyn said.

Related: IMF says revision of cooperation program possible when Kyiv fulfills taken obligations

Also he specified that the active securities in the US have the rate of 2%, in the UK – 1.5% and in Greece 5.4% per annum.

According to Lozhkin, it allows us to expect that the investors will recognize Ukraine to be worthy to notice in the near future.

Related: IMF ready to consider second $ 1.7 bln tranche for Ukraine

'I hope that in the near future we will see the results of this interest not only in the state but also at the private sector', he said.

Earlier it was reported that President of Ukraine Petro Poroshenko claimed that Ukraine placed the Eurobonds in 3 billion dollars for 15 years on the rate of 7.735% per annum during the meeting with the investors in New York.

Related: European Investment Bank loaned 400 mln EUR to Ukraine

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