The Ukrainian Finance Ministry will transfer to the general fund of the state budget US$1.318 billion received from the placement of Ukraine's $3 bln-worth external state loan bonds minus the cost of the purchase of Eurobonds-2015, according to the ministry website.
According to the terms of Ukraine's Eurobonds placement approved by the Cabinet of Ministers, the securities worth $1.682 billion will be issued for the exchange and/or redemption of Ukraine's external state loan bonds in 2015, as well as for payment of accrued interest on these securities.
"The rest of the proceeds from the new issue will be used to finance the general fund of the state budget," the report says.
The Ministry expects the receipt of funds as a result of the issuance of Ukraine's Eurobonds worth $3 billion on September 25, 2017, the first one since 2014.
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Commenting on the deal, Ukrainian Finance Minister Oleksandr Danyliuk called it an important event in the country's macroeconomic and financial history.
"This is the result of the hard work and dedication of the Ukrainian people, as well as the combined efforts of the Ukrainian president, government and parliament, which have radically changed our country over the past three years," he said.
According to the official, the main organizers of the transaction were BNP Paribas, Goldman Sachs, and J.P. Morgan.
As UNIAN reported earlier, September 18, Ukrainian President Petro Poroshenko claimed that Ukraine had entered the borrowing market and raised $3 billion for 15 years.
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According to the preliminary prospectus of Ukraine's Eurobond issue, the country will have to pay out $64.196 billion in foreign and domestic debts over the next five years.