Ukraine plans in 2018 to enter debt markets with the Eurobonds in the amount of $2 billion this was announced by Finance Minister Alexander danyluk, writes Reuters.
The Minister reminded that Ukraine has already placed its first issue of Eurobonds worth $3 billion, and said that the issue of securities for $2 billion stipulated agreements with the International monetary Fund (IMF).
As for this program, the next tranche of Ukraine hopes to obtain early next year. Progress in the negotiations with the IMF depends on creating an anti-corruption court and reach agreements on gas prices. The prospect of such arrangements still looks weak.
Borrowing in foreign markets will go to pay the debts, and the IMF money will be aimed at building foreign exchange reserves of the national Bank, explained the Minister.
Danyluk also said that Ukraine still fails to capitalize on privatization. In the state property remain 3 thousand companies, including 100 large. “Privatization – the number one priority… Large state-owned companies impede the market, they are like a black hole,” – said the Minister of Finance.
In late September it was reported that funds in the amount of $1.32 billion from placement of Eurobonds for a period of 15 years came to Ukraine. Another $1.68 billion went to the purchase of Eurobonds maturing in 2019-2020.
19 September, Ukraine announced the pricing (final settings), the first independent release of Eurobonds in 2014. The organizers of the transaction were the banks BNP Paribas, Goldman Sachs and J. P. Morgan.
The National Bank of Ukraine has previously stated that the government was preparing to place Eurobonds on $2 billion in 2018.
On 1 September the Ministry of Finance repaid the fourth coupon on Eurobonds. The amount of the payment amounted to more than $505 million
See also: Rubber duty. Why Ukraine will have to issue new Eurobonds
The European Bank for reconstruction and development was concerned with the placement of securities.