The Ministry of Finance of Ukraine has placed $725m through a private placement of short term notes maturing in 2019.
This issuance is subscribed by worldwide leading investors who have reaffirmed their financial support to Ukraine, while volatile conditions continue to prevail in emerging credit markets.
This transaction allows Ukraine to meet its FX liquidity needs, while benefiting from flexible conditions from investors Ministry of Finance remains committed to its previously communicated debt strategy, and plans fully execute external borrowing plan through commercial and official borrowings in 2018.
The Ministry of Finance will continue to actively monitor market conditions and execute domestic borrowing plans.
Ukraine authorities are looking forward to the upcoming visit of the IMF mission in Kyiv in September 6-19 to discuss recent economic developments and policies as well as next steps.