Ukraine repays $505 mln interest on restructured eurobonds

13:39, 02.09.2017 1 min read

The Finance Ministry of Ukraine on September 1 repaid the fourth coupon on eurobonds, a source in the Finance Ministry has told Interfax-Ukraine.

According to its data, the total payment amounted to about $505.4 million.

As reported, these eurobonds were issued within the framework of Ukraine's debt operation with the state and guaranteed debt, as well as restructuring the external borrowings of Kyiv, Ukravtodor and Pivdenne Design Bureau (Dnipro).

The interest rate for all these securities is set at 7.75% per annum. Interest income is accrued and paid twice a year - on March 1 and September 1, starting from March 1, 2016. The maturity date is September 1 of the corresponding year from 2019 to 2027.

The total amount of the first coupon payment was $473.313 million, the second and third some $505.429 million.