Ukraine prepares issue of new international bond
22 January 2020
Ukraine’s Finance Ministry is close to offering a new
international bond denominated in euro, Interfax-Ukraine reported on Jan. 22
citing its sources. The bond will be offered in the upcoming days, the source
said.
Ukraine’s state budget for 2020 foresees about USD 5
bln in external borrowings this year to finance the budget deficit and foreign
debt repayments. Last year, Ukrainian government issued only one Eurobond:
7-year notes for EUR 1 bln at the rate of 6.75%.
Alexander Paraschiy: Ukrainian
local and international bonds have been in high demand since late 2019, so we
have no doubt the bond will be placed successfully. The new bond could have a
maturity of about ten years and a rate of 4.2%-4.7%, we assume.
