In the future, “Standard & Poor’s” and “B” will give the eurobond a B rating. The expected date of the recount of the new issue will be April 30. Payable in 2029, expected return of 6.875% per year.
“We are pleased to announce our first public issue of Eurobonds this year. Thanks to this transaction, the Ministry of Finance is implementing the current external public borrowing plan, much of which we expect to implement with concessional financing from international partners. We will continue to implement a prudent debt policy aimed at maximizing concessional financing and borrowing in national currency”, — commented Minister of finance of Ukraine Sergey Marchenko.
To ease conditions and reduce the cost of placing Eurobonds outside Ukraine, the NBU improved the principles of payment transactions on securities placed to attract external financing.
What has changed:
- Excluded from the list of transactions subject to an annual limit of €2 million, income and Eurobonds transactions and other transactions of the issuer in connection with the placement of such securities;
- Purchase of foreign currency is allowed to save on the issuer’s account in a Ukrainian bank until the dates of payment of obligations on Eurobonds.
“One of the sources of such funds is external borrowing. We are witnessing a growing interest, particularly from Ukrainian companies, in the possibility of attracting financing from external sources, in particular through the issuance of Eurobonds. We hope that the changes adopted by the National Bank will simplify the conditions for raising funds, which will help to increase capital revenues to the economy of Ukraine and improve its investment potential”, — commented Geletiy, Deputy chairman of the National bank of Ukraine.
The NBU Regulation “On Amendments to the Regulation on Protection Measures and Procedure for Individual Transactions in Foreign Currency”, will enter into force on 27 April.