Ukraine has announced the pricing of new Eurobonds issued in Euros. Their amount is 1 billion Euros with a deadline of June 20, 2026. The demand was 6 billion Euros, the
Ministry of Finance reports.
"Interest on new Eurobonds willl be calculated at a rate of 6.75% per annum," the Ministry of Finance said in a statement.
It is noted that the new issue received a rating of "B-" from Standard & Poor's and Fitch.
The funds raised will be used to finance the budget deficit, the Finance Ministry said.
“We are proud to announce Ukraine’s return to the issue of Eurobonds denominated in Euros after a 15-year hiatus,” comments the Finance Minister Oksana Markarova in a message.
She noted that due to EU integration, an in-depth and comprehensive free trade area provided for by the Association Agreement, as well as the development of Ukrainian business, the EU has become Ukraine’s largest trading partner with 40% of the total.
"The placement of seven-year bonds is the first event in the future long history of financial integration in the EU," Markarova said.
According to economist Viktor Skarshevsky, Ukraine today placed seven-year eurobonds at € 1 billion at 6.75% per annum.