Ministry of Finance of Ukraine redeemed USD 1 billion US Guaranteed Eurobonds

Yesterday, on May 28th, 2020, the Ministry of Finance of Ukraine repaid the second issue of the US guaranteed notes. The total payment amount exceeded USD 1 billion.

The Eurobond was issued under the US guarantee with a nominal amount of USD 1 billion in 2015 at a yield of 1.847% per year.

This is the second out of three US-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.

"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 US 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 armed aggression and annexation of part of Ukraine, and now, during the global economic crisis caused by the spread of coronavirus", - said Yuriy Butsa, Government Commissioner for Public Debt Management.

By the end of 2019, the level of public debt to GDP has fallen to 44.3%. The Ministry of Finance continues the implementation of the Public Debt Management Strategy, including exercising prudent public debt management policy, strengthening relations with investors, attracting international investors to the domestic government bond market and improving Ukraine's ratings as a borrower.