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Ministry of Finance explains why Ukraine canceled placement of 12-year-old Eurobonds

Source : 112 Ukraine

Investors need time to evaluate news about resignation of head of the National Bank
12:20, 4 July 2020

Minister of Finance of Ukraine Serhiy Marchenko
Ukraine's Finance Ministry Facebook

The reason for the cancellation by the Ministry of Finance of Ukraine of the deal on the placement of 12-year Eurobonds at $ 1.75 billion is the need for investors to evaluate the news about the resignation of the head of the NBU, Yakiv Smoliy. This became known from the statement of the Minister of Finance Serhiy Marchenko, published on the website of the Ministry of Finance on July 2.

"Given the unexpected announcement of the resignation of the Chairman of the National Bank of Ukraine, Yakiv Smoliy last night (July 1 - 112 International), the Ministry of Finances of Ukraine decided to cancel the previously announced offers of Eurobonds and exchanges in order to provide investors with enough time to evaluate this news,” Marchenko stated.

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He stressed that the Ministry of Finance deeply appreciates the support of the investment community of Ukraine, which it demonstrated earlier, and will continue its policy of openness and transparency in relations with the market.

As we reported before, June 1, head of the National Bank of Ukraine (NBU) Yakiv Smoliy wrote and submitted a letter of resignation to the President of Ukraine.

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