Ukraine received 1.32 billion dollars from Eurobonds placement

Source : 112 Ukraine

hese money will be used to finance the general fund of the state budget
20:38, 26 September 2017

112 Agency

Today, September 26, Ukraine received 1.32 billion dollars revenue from the placement of Eurobonds, the press service of Ukrainian Ministry of Finance reportd.

"On September 26, 2017, $ 1.32 billion was transferred to the accounts of the Treasury of Ukraine. At the same time, an operation was completed for the redemption of bonds of foreign state loans of Ukraine with maturity in 2019 and 2020 for a total of 1.68 billion dollars," said in a statement.

As noted by the Ministry of Finance, such a transaction was carried out to reduce the peak load on the state budget to pay off the public debt in 2019-2020. These funds will be used to finance the general fund of the state budget.

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Let us recall that President Petro Poroshenko reported on attracting $ 3 bln at 7.375% due to placement of his Eurobonds at a meeting with investors in New York.

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, the final range was 7.375-7.5%. 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.

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