Ukraine to issue 15Y Eurobonds at about 7.75% rate, media report
18 September 2017
Ukraine’s Finance Ministry is planning to issue new
Eurobonds with ultimate maturity in 2032 and amortization of principal with
equal semi-annual portions starting 2031, the Interfax news agency reported,
citing its sources in the banking sector. Preliminary, the yield of the new
bonds is set at 7.75%, or the same rate that was applied to Eurobonds that were
issued in 2015 as part of the government’s debt restructuring.
The total amount of the bond issue has been not
decided yet. Most of the proceeds from the new bond placement will be used to
repay the bonds maturing in 2019 (USD 1.82 bln outstanding) to those who will
agree to sell them at a price of 106% of par. The deadline for offering the
2019 bonds to the government expired on Sept. 15, and MinFin has yet to
disclose the offer’s results.
decided yet. Most of the proceeds from the new bond placement will be used to
repay the bonds maturing in 2019 (USD 1.82 bln outstanding) to those who will
agree to sell them at a price of 106% of par. The deadline for offering the
2019 bonds to the government expired on Sept. 15, and MinFin has yet to
disclose the offer’s results.
