The Ukrainian Finance Ministry has redeemed the second series of eurobonds issued in the course of restructuring in 2015 and maturing this year worth $1.69 billion and paid some $400 million in interest payments on eurobonds maturing in 2020-2027.
“By the end of the year, the balance of foreign currency payments on state debt is about $1.6 billion,” the ministry said in a statement on its website.
The ministry said that government domestic loan bonds maturing in 2020 with a total par value of $1.78 billion had been issued in 2015-2016 with an interest rate of 7.75% per annum. In 2017, as part of the first ever active state debt management operation, the Finance Ministry bought $420 million worth of bonds, however, in August 2020 it additionally placed bonds worth $330 million through J.P. Morgan to complete settlements for the redemption of GDP warrants on the open market.
