Finance Ministry of Ukraine plans to issue $2 bln eurobonds in 2018

16:13, 19.12.2017 1 min read

The maximum volume of Ukrainian eurobonds issued in 2018, agreed within the current Extended Fund Facility (EFF) program, which the Ministry of Finance is targeting at, is $2 billion, Deputy Finance Minister Yuriy Butsa has said.

He said at the final press conference at the ministry the agency would be guided by the market situation, as well as the amount of attracted financing from international partners and international financial organizations.

Butsa also said that from the point of view of the cost of borrowings it would be advisable to implement them after the next revision of the EFF program and the issue of a tranche under it by the IMF.

As reported, Ukraine in September 2017 placed 15-year eurobonds for $3 billion at 7.375% per annum, of which $1.68 billion for exchange or buyback of eurobonds maturing in 2019 and 2020, which were issued as part of debt restructuring in 2015. The demand for new eurobonds was about $9.5 billion.