EuroBondsUkraine

“On September 1, 2021, the Ministry of Finance of Ukraine repaid the third series Eurobonds issued during the restructuring in 2015. The total redemption amounted to more than USD 1.3 billion, including USD 974.146 million to repay the principal amount of Eurobonds and USD 334.636 million in interest payments on Eurobonds maturing in 2021-2027.,”

(Interfax-Ukraine). The initial yield guidance was 6.625%. The transaction was oversubscribed thrice. In May, Ukraine placed $1.25 billion in Eurobonds maturing in 2029 at 6.876%. BNP Paribas and Goldman Sachs are organizing the transaction. In September, the Ukrainian government faces a 2021 peak foreign debt repayment – over $2 billion.

The sale raised 24% more than last week’s auction. Yields were little changed and ranged from 10.99% for 1-year bonds to 12.59% for 5-year bonds.

. On April 30, Ukraine’s Cabinet of Ministers suspended the Naftogaz Supervisory Board and installed Yuriy Vitrenko as CEO. “We were very unhappy and we made that very clear,” Renaud-Basso said. “We hope it’s a one-off, and not a sign of really backtracking in [corporate governance].”

, the Ministry reports on Facebook. With yields little changed, sales totaled slightly less than half the amount sold last week. For hryvnia bonds, yields ranged from 10.97% for 1-year bonds, to 12.59% for 5-year bonds. The sale of 1-year euro denominated bonds yielded €60.8 million at 2.5%.