Ukraine completes $3 bln-strong Eurobond placement

According to the press service, a transaction for the redemption of bonds of external government loans maturing in 2019 and 2020 for a total of $1.68 billion has also been completed in order to reduce the peak load on the state budget to pay off the national debt.

As UNIAN reported earlier, Ukrainian Finance Minister Oleksandr Danyliuk called the deal an important event in the country's macroeconomic and financial history.

Read alsoFitch Ratings comments on Ukraine's return to global bond market"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.

Read alsoUkraine borrows $3 bln: Terms of Eurobonds placementAccording to the terms of placement of Eurobonds worth $3 million, approved by the Cabinet, their repayment will be redeemed in equal installments of 25% par value, while interest income will be paid annually, starting March 25, 2018, at a rate of 7.375% per annum.

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.