Ukraine placed Eurobonds for three billion dollars at 7,375% per annum with a 15-years maturity. This was stated by Ukrainian President Petro Poroshenko during a meeting with investors in New York, reports Interfax-Ukraine.
"Today we can sum up the first results: Ukraine entered the borrowing market and raised 3 billion dollars. And got them for a record period - Ukraine has never received such an amount before, never got it for a period of 15 years. This is an incredibly positive assessment by investors of reforms that occur in Ukraine. It is when every investor votes with his dollar for the success of reforms, "he said.
According to the head of state, the yield of the Eurobond issue is 7,375%.
He also noted that earlier Ukraine borrowed and only accumulated debts, and "today's borrowing is a financial pillow, a financial platform for further reforms."
Poroshenko thanked the partners of Ukraine: International Monetary Fund, World Bank, International Finance Corporation, European Bank for Reconstruction and Development, which, together with Ukraine, "carried out reforms and today the world recognizes their effectiveness."
"These are reforms in the energy sector, these include reforms on deregulation, and reforms to create entirely new steps in the business climate, and this is the preparation for the privatization process and, most importantly, it makes any investment cheaper, and Ukrainian business entities go out to foreign markets, "- said the President of Ukraine.
The deal was organized by BNP Paribas, Goldman Sachs and JP Morgan. The road show of Eurobonds was held last week in London, Boston and New York. During the collection of applications, Ukraine managed to significantly reduce the yield of the issue: the initial benchmark was 7,75%, then it was lowered to about 7,625 and the final range was 7,375-7,5%, the placement will be made at its lower index. Debt securities of the country enjoyed considerable demand among investors - the volume of the book of applications, according to preliminary data, amounted to about 9,3 billion dollars.
Eurobonds have an amortization structure: repayment will be carried out in four equal tranches in 2031-2032.
As it was reported earlier Groysman and OPIC head discussed U.S. investments in Ukrainian enterprises. The parties discussed investments in Energoatom, Ukrzaliznytsia, wind power and small business of Ukraine.