Page 44 - UKRRptJul19

6.1.3 Budget dynamics - funding
Ukraine's Finance Ministry completed on June 13 the sale of a seven- year, EUR-denominated sovereign Eurobond (UKRAIN) at a 6.75% interest rate. The total amount outstanding is EUR 1bn, while the total subscription reached almost EUR 6bn, MinFin reported the same day. The bond will be redeemed in a bullet payment on June 20, 2026. This was the first EUR-denominated issue in the last 15 years, MinFin highlighted. The proceeds from the bond placement will be used to fund general government spending, it reported.
44 UKRAINE Country Report July 2019 www.intellinews.com