Ukraine increased outstanding 2020 7.75% Eurobonds by US$328.79 mln

NOT FOR PUBLIC RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

Ukraine has increased its outstanding US$1.36bn 7.75% notes due 1 September 2020 by US$328.79mln. J.P. Morgan acted as Initial Purchaser and Bookrunner.

The proceeds will be used to settle a liability management exercise consisting of the open-market repurchase of Ukraine’s GDP-linked Securities conducted in 2020.

"We are happy that during the year of high uncertainty we managed to exercise the liability management operation that will contribute to certainty in Ukraine’s prudent debt management in the future. We will continue to closely monitor the market and use all the available tools to achieve targets set out in our State Debt Management Strategy,"commented Sergii Marchenko, Minister of Finance of Ukraine. 

The securities referred to herein may not be sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. Ukraine does not intend to register any of the securities in the United States or to conduct a public offering of the securities in the United States.

This communication does not constitute an offer of these securities to the public in the United Kingdom. No prospectus has been or will be approved in the United Kingdom in respect of the securities. This communication is being distributed to and is directed only at (i) persons who are outside the United Kingdom or (ii) persons who are investment professionals within the meaning of Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Order”) and (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as “Relevant Persons”). Any investment activity to which this communication relates will only be available to and will only be engaged with, Relevant Persons. Any person who is not a Relevant Person should not act or rely on this document or any of its contents.

This announcement is not an advertisement of securities in Ukraine, and is not an offer or invitation to, or solicitation of, any such circulation, distribution, placement, sale, purchase or other transfer of the securities in the territory of Ukraine. It is not intended to be and must not be publicly distributed in or into Ukraine.