Ukrzaliznytsia repays fourth coupon on eurobonds worth $500 mln

16:14, 21.05.2015 1 min read

The State Railways Administration of Ukraine Ukrzaliznytsia, despite the difficult economic situation in the country, on May 18-19 fully and on time repaid the fourth coupon on eurobonds, whose debut issue was made in the amount of $500 million in May 2013, the administration has said.

However, Ukrzaliznytsia did not specify the sum of repayment.

Ukrzaliznytsia said the eurobonds are included in the debt transaction with the state's foreign borrowings within the framework of the Extended Fund Facility of the IMF.

"Ukrzaliznytsia suspended the repayment of principal debt on financial obligations (excluding government-guaranteed and received from international financial organizations), while it makes payments for the use of raised financial resources on time," reads the report.

As reported, the issue of five-year eurobonds worth $500 million was placed on the Irish Stock Exchange in May 2014 with a coupon rate of 9.5%.