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The Ministry of Finance of Ukraine will hold meetings with investors in London, New York and Boston, after which the country will issue dollar-denominated bonds, as reported on the ministry site.
The meeting will be held in London on September 11-12, New York - on September 13, and Boston - on September 14.
"Taking into account the market conditions, after that, Ukraine will issue U.S. dollar-denominated bonds of the external state loan under Rule 144A / Regulation S," the report says.
The Ministry of Finance also noted that together with the proposed issue, the ministry announced the offer to buy out existing bonds of Ukraine's external state loan maturing in 2019 and 2020.
It is also reported that in order to organize meetings with investors in fixed income securities, the Ministry of Finance attracted BNP Paribas, J. P. Morgan and Goldman Sachs, while Rothschild serves as the ministry’s financial adviser.
Read alsoUkraine's international reserves exceed $18 blnAs UNIAN reported earlier, Ukraine’s parliament voted on Thursday to remove a tax for foreign investors on profit earned on debt swap operations, after Prime Minister Volodymyr Groysman said this was needed to allow Ukraine to borrow in September
In July this year, Finance Minister Oleksandr Danyliuk said that Ukraine intended to enter the foreign borrowing markets before the end of the year with the issue of Eurobonds worth up to $1 billion. According to the Minister, Ukraine does not need borrowing at any cost, while the Ministry of Finance intends to get the most favorable terms for raising funds.
The International Monetary Fund expects that Ukraine at the end of 2017 will return to the market of foreign commercial borrowings and issue Eurobonds worth $1 billion.