Home
/
News
/

Ukraine sells USD 2.0 bln Eurobond at 9.25%

Ukraine sells USD 2.0 bln Eurobond at 9.25%

18 July 2012

Ukraine sold a USD 2.0 five-year Eurobond at 9.25%, according to Kommersant. This was the first sovereign Eurobond placement since February 2012.

Vitaliy Vavryshchuk: The note’s yield is comparable to those on the secondary market and we think the sale of the Eurobond is boon for the government. While the 2012 government borrowing plan foresees raising USD 4.7 bln externally (with nothing raised before this), we think even USD 2.0 bln in proceeds from the Eurobond should make the government comfortable until yearend. The gap is likely to be filled with domestic borrowings – the government raised 67% of its full-year plan for local placements in 1H12. Notably, the Eurobond placement should ease pressure in the local FX market and adds confidence that the government and NBU will manage to keep the hryvnya relatively stable through end-2012.

Latest News

News

23

02/2022

Separatists may claim entire territories of two Ukrainian regions

Russia has recognized “all fundamental documents” of the self-proclaimed Donetsk and Luhansk People’s Republics (DNR...

News

23

02/2022

U.K. to provide USD 500 mln loan guarantee for Ukraine as IMF mission starts

The British government is going to provide up to USD 500 mln in loan guarantees...

News

23

02/2022

MinFin bond auction receipts jump to UAH 3.5 bln

Ukraine’s Finance Ministry raised UAH 3.3 bln and EUR 7.2 mln (the total equivalent of...