Ukraine pays $23.6 m on 2017 eurobonds

Ukraine on time and in full repaid a coupon of $23.625 million on ten-year eurobonds worth $700 million that it placed in November 2007, the Finance Ministry reported on Tuesday.

The ministry said that the eurobonds were sold at 6.75% per annum. Coupons are paid on May 14 and November 14.

Ukraine this year plans to increase state borrowing by 31.7% under its medium-term strategy for managing the state debt for 2013-2015, to UAH 135.5 billion, with the share of domestic debt being 68.6%.

According to the State Treasury, in January-April 2013 state borrowing came to UAH 61.53 billion (including UAH 43.55 billion on the domestic market), with the target being UAH 61.95 billion.

Ukraine twice this year entered the eurobond market: in early February bonds worth $1 billion that will mature in 2022 were additionally placed at 7.625%, and in early April new eurobonds worth $1.25 billion were floated at 7.5%.

The government said that total payments on the state debt in 2013 are evaluated at UAH 116.1 billion, including UAH 35 billion for its servicing.