Metinvest B.V. (the Netherlands), the parent company of the Metinvest mining and metallurgical group, paid a $22.6 million coupon on newly issued eurobonds maturing in 2029.
“We paid the coupon. This is a regular payment. The company usually does not make any announcements on such payments,” the Metinvest’s press service told Interfax-Ukraine.
Metinvest issued 2029 bonds on October 17, 2019 as part of the group’s successful debut placement of bonds in two currencies and the completion of a transaction to extend the maturity of outstanding eurobonds. In particular, 10-year $500 million eurobonds were placed at 7.95% per annum and five-year EUR 300 million eurobonds at 5.75% per annum.
Bond -2029 were added to the high-yield CEMBI indices after their regular recalculation on November 29, 2019: CEMBI Broad and CEMBI Broad Diversified.
Hennadiy Chyzhykov will remain on the post of president of the Ukrainian Chamber of Commerce and Industry (UCCI) for another five years. The UCCI congress held as a video conference made the unanimous decision on May 19.
“The Ukrainian Chamber of Commerce and Industry has the largest regional and international presence among organizations that represent the interests of Ukrainian business. The UCCI has great potential for development,” Chyzhykov said in a report of the chamber.
UCCI delegates also approved the chamber’s mission: creating conditions for business development, opening new markets for Ukrainian exports, and promoting the integration of Ukrainian business in the global economy.
The Ukrainian Chamber of Commerce and Industry unites more than 8,000 Ukrainian enterprises, which, according to the organization, provide 70% of the export earnings of Ukraine. The UCCI system unites 25 regional chambers and has representative offices in 55 countries.
The President of Ukraine, international and national partners – the heads of the EUROCHAMBRES, the World Chambers Federation (WCF), the American Chamber of Commerce, the European Business Association, the business ombudsman, the embassies of Argentina, Croatia, the Czech Republic, Vietnam and others congratulated the delegates of the UCCI congress. More…
The Cabinet of Ministers will return to the issue of resuming air transportation after June 15, 2020, Prime Minister Denys Shmyhal has said.
“As for the operation of airports and the launch of scheduled flights, we will return to this issue, obviously, after June 15, when airlines can fly somewhere. So far, the airports of our partner countries are closed,” the prime minister said during a government meeting.
So far, there is no point in renewing scheduled flights, he said.
“The possibility of international transportation, both bus and rail, will resume through open checkpoints that will work after the adoption of amendments to resolution No. 288. We do not yet open interregional traffic,” Shmyhal said, adding that interregional transportation could renew in early June.
Official rates of banking metals from national bank as of May 20
One troy ounce=31.10 grams
The Council of the European Union has approved a proposal of the European Commission to provide EUR 1.2 billion of micro-financial assistance to help Ukraine to cope with the economic fallout of the COVID-19 pandemic.
The respective decision was taken on May 20 under the written procedure during sitting of the EU Council.
It is expected that after this Kyiv and Brussels will begin negotiations regarding the future Memorandum, which should specify the conditions for the allocation of the second tranche. Further, the Memorandum should be ratified by the Verkhovna Rada of Ukraine, after which Ukraine will receive the first tranche in the amount of EUR 600 million, which is unconditional. The horizontal condition for obtaining macro-financial assistance is mandatory cooperation with the IMF.
On May 15, European Parliament backed the commission’s proposal.
National bank of Ukraine’s official rates as of 20/05/20
Source: National Bank of Ukraine
