Ukraine paid out $444 million of restructured Eurobonds

Украина выплатила $444 млн по реструктуризированным евробондам

The Ministry of Finance of Ukraine of March 1, paid seventh coupon on bonds of external state loan (Eurobonds).

According to the Finance Ministry, the total amount payable was $444,4 million

These Eurobonds were issued in the framework of Ukraine in 2015 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 maturity of Eurobonds begins on 1 September of the relevant year from 2019 to 2027.

The total amount of the first coupon payment was $473,313 million, second, third and fourth – $505,429 million, fifth – $444,4 million, the sixth $444 million