This additional issuance increased the total outstanding Eurobonds with an interest rate of 6,876% and maturing on May 21, 2029, with a total outstanding amount of $1,25 bln.
The final $1,7 bln order book narrowed yield spreads by 32,5 basis points from the original yield benchmark and by 57,5 basis points from the yield on the $1,25 bln initial public offerings in April of this year.
"Favorable market conditions have allowed us to gradually execute our borrowing plan for this year before the market starts to see a decrease in business activity during the vacation season. We limited the volume of the deal as we continue to adhere to our investing-in-ukraine/service-for-investors/strategy-development/" rel="dofollow">strategy of prioritizing the attraction of concessional financing to cover most external borrowing needs," said minister of finance Serhiy Marchenko.
According to him, favorable market conditions allowed Ukraine to gradually fulfill its borrowing plan for this year before the market starts to see a decrease in business activity during the vacation season.
"We have limited the scope of the deal as we continue to pursue our strategy of prioritizing leveraged financing to cover most external borrowing needs," he has added.
