Ukraine has fully repaid 6-month Eurobond with a nominal amount of us $725 million
Ukraine has fully repaid 6-month Eurobond with a nominal amount of $725 million, which was released and posted to its pool of private creditors at the end of August 2018.
So, for the implementation of the transaction for early repayment/redemption of short-term external Treasury bonds was sent $714,5 million
These data allowed us to calculate the yield obtained by the creditors. Ukraine was used by means of creditors from 28 August to 2 November – 67 days, and paid creditors $21.8 million In terms of annual yield it gives of 17.1% per annum.
The August issue of Eurobonds was the bridge-loan taken prior to receipt of other external financing: IMF tranche or issue of evroobligatsiy. As agent for the offering were Goldman Sachs Int., which also co-organized the October host: attracted to Finance $500 million of the total $2 billion.
The Finance Ministry confirmed that repayment of the August bond went through the October issue of Eurobonds with a total volume of $2 billion.
The August 6-month bond issued by the Ministry of Finance zero coupon, but is below the nominal value: the Ministry of Finance received from creditors 95,551% of par – $692,7 million
“The placement yield at maturity February 28, 2019 will be of 9.11%. But in the early repayment cost of the loan will depend on the selected date, the budget will pay a fixed price, and the lender will receive an additional prize. For early repayment are two prices: within three months from issue (to 28 Nov) early repayment should be done at the price of 98,55% of face value, and after that date with payment of the full amount of $725 million,” – said in the August report ICU.
Paid creditors $714,5 million are 98,55% of par.
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