Ukraine’s Ministry of Finance paid the fifth coupon on eurobonds on March 1, the press service of the ministry has told Interfax-Ukraine.
According to the Ministry of Finance, the total payment amounted to $444.4 million.
As reported, these eurobonds were issued within the framework of a debt operation carried out by Ukraine in 2015 with state and state-guaranteed debt, as well as restructuring the foreign borrowings of Kyiv, Ukravtodor and Pivdenne Design Bureau (Dnipro).
The interest rate on all these securities was set at 7.75 percent per annum. Interest income is accrued and paid twice a year – on March 1 and September 1, starting from March 1, 2016. The eurobonds mature on September 1 of the corresponding year – from 2019 to 2027.
The total amount of the first coupon payment was $473.313 million, the second, third and fourth $505.429 million.
