Ukraine allocates $444.4 mln for eurobond repayment

Ukraine has allocated US$444.4 million for the repayment of the coupon on government foreign loan bonds, also known as eurobonds, issued in 2015.

Read alsoUkraine completes $3 bln-strong Eurobond placementThe operation was handled by Ukraine's Finance Ministry on March 1, the ministry's press service said.

As UNIAN reported earlier, in October 2015, holders of 13 out of the 14 issues of sovereign and government-guaranteed eurobonds worth $14.36 billion and EUR 0.6 billion supported the restructuring of the bonds.

New sovereign totaling $11.95 billion and maturing in 2019-2027 at 7.75% per annum, as well as state derivatives worth $2.92 billion were issued on November 12, 2015.

Interest is accrued and paid twice a year – on March 1 and September 1, starting from March 1, 2016.