The Ministry of Finance manages to buy out 20% of Ukraine’s GDP warrants in February

and reduce payments on Eurobonds in September by $100M. “Due to this, Eurobond redemption payments will be $100M less and will amount to $912M in September,” said Finance Minister Serhiy Marchenko. According to him, the risk premium for Ukrainian Eurobonds exceeds 1,000 basis points due to the geopolitical situation. In addition, since the beginning of 2022, the global situation has not allowed any sovereign issuer with a similar credit rating to enter the international market with borrowed capital. Therefore, the Ministry of Finance took advantage of the situation and, over time since the end of last year has begun operations with public debt. Thus, the government has bought 20% of Ukraine’s GDP warrants and part of the Eurobonds maturing in September, 2022.