Ukraine attracted loans from Cargill totaling €250 million in October,

Ukraine attracted loans from Cargill totaling €250 million in October, according to the Finance Ministry’s monthly debt report. Last July, the government authorized the Finance Ministry to attract two loans from Cargill Financial Services International: €100 million for two years at 5.15% per annum and €150 million for five years at 6.25% per annum. The month before, Ukraine had placed its first Eurobond issue in euros in 15 years – €1 billion worth of 7-year Eurobonds at 6.75% per annum. With demand exceeding supply six times, this placement unleashed a string of Ukraine corporate bond issues in dollars and euros. Now, 10.6% of Ukraine’s foreign debt is in euros.