Ukraine repays $39.1 m coupon on 2016 eurobonds

16:59, 18.12.2013 1 min read

Ukraine has repaid a $39.063 million coupon yield on eurobonds maturing in 2016, according to the Web site of the Finance Ministry of Ukraine.

The Finance Ministry noted that Ukraine issued these eurobonds in 2011 for a total of $1.25 billion at a rate of 6.25% per annum.

As reported, according to the State Treasury, from early 2013 to December 1 Ukraine had spent UAH 30.52 billion on servicing the state debt, including UAH 9.08 billion to service foreign debt, with the target being UAH 30.52 billion for the eleven months, and UAH 65.67 billion to pay the principal of the debt, including UAH 28.56 billion for foreign debt, with the target being UAH 75.06 billion.

State borrowing over the period came to UAH 117.28 billion, including UAH 23.98 billion on foreign markets, with the target being UAH 128 billion.

Ukraine, according to the medium-term debt management strategy for 2013-2015, plans this year to increase government borrowing by 31.7%, to UAH 135.5 billion, with the share of domestic borrowing being 68.6%.