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Ukraine Has Placed A 12-Year Eurobonds For $2 Billion

Ukraine Has Placed A 12-Year Eurobonds For $2 Billion

Ukraine has placed 12-year Eurobonds maturing in March 2033 in the amount of $2 billion at 7.25% per annum, according to one of the investors.

The Eurobond placement was organized by Goldman Sachs and J. P. Morgan. The total demand for Ukrainian securities amounted to $6.3 billion.

On the eve of the Ministry of Finance of Ukraine said about attracting international investment banks for the placement of 12-year Eurobonds, which were previously canceled after the head of the National Bank of Ukraine (NBU) resignation. Besides, according to the Ministry of Finance, Ukraine plans to announce an accelerated exchange offer for some outstanding bonds maturing in 2021 and 2022 in the amount of $750 million, simultaneously with the issuance of new bonds.

In early July, Kyiv postponed the issue of 12-year Eurobonds after the head of the NBU, Yakov Smoliy, resigned, explaining that political pressure was exerted on him. Ukraine planned to receive about $ 1.75 billion from the issue of Eurobonds, of which $750 million will be used for payments on Eurobonds that will expire in 2021-2022. Another $1 billion was supposed to be used to pay off the state budget deficit.

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