Ukraine's finance ministry redeems US$1 bln U.S. guaranteed eurobonds

The eurobond under the U.S. guarantee was issued with a nominal amount of US$1 billion in 2015 at a yield of 1.847% per year.

REUTERS

REUTERS

Ukraine's Finance Ministry on May 28 redeemed the second issue of eurobonds (worth over US$1 billion) guaranteed by the United States.

"Despite the global crisis and challenges for the emerging markets, Ukraine continues to meet its debt obligations on time and in full. The funds received under the U.S. guarantee during 2014-2016 years provided significant support to the state budget at a difficult time for Ukraine and facilitated reforms in Ukraine. We are grateful to our partners in the United States for their help during the previous crisis caused by [Russia's] armed aggression and annexation of part of Ukraine, and now, during the global economic crisis caused by the spread of coronavirus," the ministry's press service quoted Yuriy Butsa, Government Commissioner for Public Debt Management, as saying on May 29.

Read alsoState budget sees deficit of almost UAH 24 bln

The eurobond under the U.S. guarantee was issued with a nominal amount of US$1 billion in 2015 at a yield of 1.847% per year.

This is the second out of three U.S.-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. The redemption of the eurobonds issued in 2016 will be in September 2021, the report said.

As UNIAN reported, Ukraine's public debt-to-GDP ratio in 2019 decreased to 44.3%.

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