In the fall of 2017, for the first time in the country’s history Ukraine managed a placement of Eurobonds worth $3 billion, which was recognized as the “deal of the year” among the countries of Central and Eastern Europe, Middle East and Africa. Ukraine’s Minister of Finance Oleksandr Danyliuk wrote this on his Facebook page on Tuesday, UNIAN reports.
“The successful placement of Ukrainian Eurobonds means that investors trust Ukraine. But the most important thing is that the placement is a significant step forward towards the stabilization of our financial system in the future,” Danyliyuk wrote.
In September 2017, Ukraine successfully completed the placement of bonds of the external government loan worth $3 billion as the accounts of the State Treasury were credited to the tune of $1.32 billion.
This case was the first one in the country’s history in terms of the borrowing period and the volume of funds raised. It was also the country’s first independent entry into foreign capital markets after the 2014 revolution, without U.S. guarantees as it was in 2014-2016, and without political deals, as in 2013 while receiving the “Yanukovych loan”.
According to experts, the placement will enable Ukraine to reduce debt ceiling for the upcoming years. However, it does not exempt the country from the need to continue the program of cooperation with the International Monetary Fund.