Ministry of Finance redeems $1 B US guaranteed Eurobonds

Ministry of Finance redeems $1 B US guaranteed Eurobonds

Ukrinform
On September 29, the Ministry of Finance of Ukraine repaid the US guaranteed notes to the tune of USD 1 billion.

“The Ministry of Finance of Ukraine repaid the third and last issue of the US guaranteed notes. The total payment amount exceeded USD 1 billion, of which USD 1 billion was redemption payment and interest payments amounted to USD 7.355 million,” the press service of the Ministry of Finance informs.

The Eurobond was issued under the US guarantee with a nominal amount of USD 1 billion in 2016 at a yield of 1.471% per year.

This is the last out of three US-guaranteed notes issued in 2014-2016 at an interest rate of less than 2% per annum, the first of which was repaid in May 2019 and the second in May 2020.

"We are grateful to our partners for their significant support of the state budget and assistance in carrying out reforms in Ukraine. At present, all Eurobonds issued by Ukraine under the US guarantee during 2014-2016 have been repaid in full. We look forward to the continuation of budget support from the US government in the future, not only to successfully overcome the effects of coronavirus infection but also to support reforms and restore sustainable economic growth,” said Yuriy Butsa, Government Commissioner for Public Debt Management.

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