REUTERS
Ukrainian Finance Minister Oleksandr Danyliuk says the Ukrainian delegation has set off for meetings with foreign investors to prepare the issue of dollar-denominated Eurobonds.
"I'm going to a roadshow [a series of meetings with potential investors and analysts ahead of securities issue] to meet with investors. A strong professional team is with me," the minister wrote on Facebook.
According to Danyliuk, the delegation includes Ukraine's Deputy Finance Minister Yuriy Butsa, Deputy Minister of Economic Development and Trade Maksym Nefyodov, and Deputy Governor of the National Bank of Ukraine Dmytro Solohub.
Read alsoDanyliuk explains importance of Ukraine's return to international capital marketsAs UNIAN reported, late in the evening on September 7, the Ministry of Finance informed about forthcoming meetings with investors in London on September 11-12, in New York on September 13 and in Boston on September 14, after which, taking into account market conditions, Ukraine would issue dollar-denominated external state loan bonds.
The Ministry of Finance also noted that together with the proposed issue, they announced the offer to buy out existing bonds of Ukraine's external state loan maturing in 2019 and 2020.
According to the program with the International Monetary Fund, Ukraine at the end of 2017 will return to the market of foreign commercial borrowings and issue Eurobonds worth $1 billion.
Read alsoUkraine to sell first dollar bonds since Crimea occupation by RussiaExperts estimate that the Finance Ministry will issue new Eurobonds with maturity from 10 to 15 years with a coupon of 7.3%-7.5% totaling up to US$2.5 billion, while net amount after deduction of costs for redemption of former bonds will be about $1 billion.