Business news from Ukraine

UKRAINE REPAYS $110.7 MLN ON 2032 EUROBONDS – FINANCE MINISTRY

27 September , 2019  

The Finance Ministry of Ukraine on September 25 repaid the fourth coupon on eurobonds with maturity until 2032, the agency has told Interfax-Ukraine.
According to the Ministry of Finance, the total payment amounted to $110.625 million.
As reported, Ukraine in September 2017 placed 15-year eurobonds worth $3 billion, including $1.682 billion for the exchange or redemption of eurobonds maturing in 2019 and 2020, which were issued as part of debt restructuring in 2015, and payment of accrued interest on them.
New eurobonds have an interest rate of 7.375% per annum. Coupon payment is carried out once every six months on March 25 and September 25.
Their repayment is scheduled in equal parts in the amount of 25% of the principal amount on March 25 and September 25, 2031, on March 25 and September 25, 2032.