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Ukraine has paid creditors half a billion dollars

Украина выплатила кредиторам полмиллиарда долларовUkraine paid $505 million of restructured Eurobonds.

The Ministry of Finance on 1 September repaid the fourth coupon on bonds of external state loan (Eurobonds).

This was reported by a source in the Ministry of Finance.

According to him, total sum of payment totaled $million $ 505.4 bn

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As reported, the Eurobonds were issued in the context of Ukraine’s debt transactions with state and state-guaranteed debt, and the restructuring of external borrowing Kiev, “Ukravtodor” and the state enterprise “Design Bureau “southern im.Yangel” (Dnipro).

The interest rate for all specified securities was set at 7.75% per annum. Interest income is accrued and paid twice a year – March 1 and September 1, commencing March 1, 2016. The repayment period begins on 1 September of the relevant year from 2019 to 2027.

The total amount of the first coupon payment was $473,313 million, the second-and third – $505,429 million

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