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Economy 2018-12-15T04:57:49+02:00
Ukrainian news
Groysman: Ukraine May Issue Eurobonds In September

Groysman: Ukraine May Issue Eurobonds In September

Prime Minister of Ukraine Volodymyr Groysman says Ukraine may issue eurobonds in September.

He announced this during his address to the Verkhovna Rada, Ukrainian News Agency reports.

The prime minister urged the parliament to release foreign investors from taxes on incomes from operations of government securities.

"No later than in September Ukraine will be able to return to capital markets," he said.

Ukraine has selected JPMorgan, BNP Paribas and Goldman Sachs as organizers of the issue of Eurobonds.

As Ukrainian News Agency earlier reported, the Finance Ministry announced its plans to place this fall Eurobonds for USD 500 million.

In October 2015, holders 13 of Ukraine's 14 Eurobonds worth a total of USD 14.36 billion and EUR 600 million accepted Ukraine's restructuring offer.

The restructuring offer involves exchanging 80% of the existing Eurobonds for new Eurobonds with extension of the maturity by four years and exchanging 20% for government derivatives, on which payments in the period of 2021-2040 will depend on the GDP growth rate.

New sovereign Eurobonds were issued for a total of USD 11.95 billion on November 12 with maturities in the period of 2019-2027 and a yield rate of 7.75% per annum and government derivatives were issued for USD 2.92 billion.

Russia refused to restructure the Eurobonds that were issued for USD 3 billion at the end of 2013.

Больше новостей о: Ukraine Prime Minister eurobonds volodymyr groysman