Ukraine's Finance Ministry doesn't rule out buyout of eurobonds falling due in 2019-2020
Ukraine's Finance Ministry does not rule out the buyout of several issues of eurobonds by announcing a respective offer.
This is stipulated in the Strategy for State Debt Management, which was approved by the Ukrainian government at a meeting on Wednesday.
Under the document, the first option provides for the purchase of eurobonds falling due in 2019-2020, then all other issues. The second option is the partial buyout of several issues, while such an offer may include the ceiling buyout amount.
As reported, Ukraine in September 2017 placed 15-year eurobonds worth $3 billion at 7.375% per annum, of which $1.68 billion for the exchange or buyout of eurobonds maturing in 2019 and 2020, which were issued as part of debt restructuring in 2015. Thus, '19 eurobonds with a total face value of $661.338 million and '20 eurobonds worth $1.365 billion remained in circulation.
