Ukraine could stay out of Eurobond markets in 2019 if Kyiv manages to raise enough IMF, World Bank, and EU financing
Monday, December 10, 2018

Ukraine could stay out of Eurobond markets in 2019 if Kyiv manages to raise enough IMF, World Bank, and EU financing

Ukraine could stay out of Eurobond markets in 2019 if Kyiv manages to raise enough IMF, World Bank, and EU financing, a senior debt official tells Reuters in London. After last month’s failed launch of a Naftogaz Eurobond and then Russia’s attack on Ukrainian Navy ships in the Azov, “Ukraine’s debt yields spiked to more than 10% – a level that makes it unsustainable for Kiev to tap markets,” Reuters reports. Ukraine faces presidential and parliamentary elections in 2019. Yuriy Butsa, the Finance Ministry’s commissioner for public debt management, says: “If we have a significant amount of concessional financing, it may be an option to not issue a Eurobond at all.”

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