Ukraine Has Completed The Exchange Of Eurobonds Due In 2021 And 2022
Ukraine has completed the exchange of Eurobonds due in 2021 and 2022. As the Ministry of Finance of the country reported on Thursday, this became possible after the recent placement of new 12-year Eurobonds for $2 billion.
"As a result of the completion of the exchange, the total amount of Eurobonds with an interest rate of 7.75% and maturity in 2021 in circulation is $974,146,000, and the total amount of Eurobonds with an interest rate of 7.75% and maturity in 2022 in circulation is $1,013,354,000," the report said.
This transaction allowed Kyiv to extend the average repayment period and helped ensure the uniformity of the repayment schedule of the state debt, the Ministry noted.
On July 23, Ukraine placed 12-year Eurobonds maturing in March 2033 for $2 billion at 7.25% per annum. Goldman Sachs and J. P. Morgan organized еhe placement. The total demand for Ukrainian securities amounted to $6.3 billion.
The Ministry of Finance of the Russian Federation reported that Kyiv made calculations on new Eurobonds on Thursday.