Ukraine’s $3 bln Eurobonds placement among "deals of the year"

Ukraine’s placement of Eurobonds worth $3 billion was recognized the “deal of the year” among the countries of Central and Eastern Europe, Middle East and Africa

Minister of Finance Oleksandr Danyliuk in a Facebook posting on Tuesday boasted the accomplishment, recognized by Global Capital in its annual report.

“Successful placement of Ukrainian Eurobonds means that investors trust Ukraine. But the most important thing is that this placement is a step toward stabilization of our financial system in the future,” Danyliuk wrote.

As UNIAN reported earlier, Ukraine in September 2017 has successfully completed the placement of bonds of the external government loan worth US$3 billion as the accounts of the State Treasury Service have received funds in the amount of $1.32 billion.

Read alsoUkraine could sell new eurobonds in H1 2018 – media This issue was the first one in the country’s history in terms of the period of borrowing and the volume of funds raised. It was also Ukraine's first independent entry into foreign capital markets after the Revolution of Dignity, without U.S. guarantees as it was in 2014-2016, and without political agreements, as in 2013 when receiving a "Yanukovych loan."

Experts believe that the placement will reduce Ukraine’s debt burden for the coming years, but does not exempt Ukraine from the need to continue the program of cooperation with the International Monetary Fund.