The funds in the amount of $1.32 billion from placing sovereign eurobonds due in 2032 for $3 billion were sent to the account of the State Treasury Service of Ukraine, the Finance Ministry has reported on its website.
The ministry said that the deal to purchase eurobonds due in 2019 and 2020 for $1.68 billion had been completed.
“The transaction was intended to reduce the peak burden on the national budget when paying the state debt in 2019-2020. The funds raised from the new eurobonds sent to the account of the State Treasury will be allocated to finance the general fund of the national budget,” the ministry said.
As reported, on September 18, Ukraine closed the offer book to place 15-year eurobonds worth of $3 billion. The securities were placed at 7.375% per annum. Demand on the new eurobonds was around $9.5 billion. (Interfax-Ukraine/Business World Magazine)