Ukraine issued Eurobonds with a record low interest rate
Goncharuk said that this will help the budget to save two million daily. Funds from the new cheap loan will be used to repay old, more expensive, which will reduce the cost of servicing the national debt.
Ukraine issued a new 10-year Eurobonds in euros with an interest rate 4,375% per annum. The funds raised will be used to Finance the state budget. On Wednesday, January 22, reported the press service of the President’s Office.
It is noted that in this way Ukraine has attracted $ 1.25 billion. In placing participated more than 350 funds. At the peak of filings, the demand from investors exceeded supply by nearly 7 times.
Meanwhile, the Prime Minister in his Telegram channel said it will help Ukraine to save 2 million daily.
He explained that in previous years, Ukraine has accumulated a lot of debt at high interest, and at the moment, the debt service the largest item of expenditure from the state budget.
“That is why we have placed Eurobonds at the cheapest in the history of Ukraine interest rates. In simple words, we are substituting debt – give up expensive, and take much cheaper. What is beneficial for our state,” wrote Goncharuk.
He recalled that last year interest rates on external borrowings of Ukraine was approximately 6.75% in the year.
“Today, we borrowed $ 1.25 billion under 4,375% per annum. In fact, thanks to this effective solution, we save the state budget UAH 2 million a day,” – said Goncharuk.
According to him, the money will be directed to socio-economic development.
We will remind, in November it was reported that the Ministry of Finance brought in a budget of nearly 2.4 billion from the sale of government bonds.
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