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Ukraine’s $3 billion Eurobond placement among “deals of the year” – Global Capital

Source : 112 Ukraine

In the fall of 2017, for the first time in the country’s history Ukraine managed to complete such a complex transaction.
12:59, 31 January 2018

zn.ua

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.

Related: Ukraine received 1.32 billion dollars from Eurobonds placement

“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.

Related: Ukrainian Eurobonds admitted to trading at Irish Stock Exchange

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.

Related: Ukraine raises $3 billion from placement of Eurobonds for 15 years, - Poroshenko

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”.

Related: Ukraine starts series of road show on new Eurobonds issue

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.

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