Date: 6 months ago   Category: Politics

The Cabinet of Ministers has commented on expensive eurobonds


The high rate of yield on the placed eurobonds in Ministry of Economics was explained with a difficult situation in the international markets. The Ministry of Economic Development and Trade called very successful placement of eurobonds for 2 billion dollars. It on Friday, October 26, the First Deputy Minister of Economic Development and Trade Maxim Nefedov has said, the UNIAN tells. "Of course, this successful placement. In very hard time Ukraine could enter the market and nevertheless to collect those 2 billion dollars which have been planned in the budget and about which there was an arrangement in the program of the IMF. It will give the chance to finance expenses and also to return on the financial markets, and to release new tools, to refinance old", he said. According to Nefedov, Ukraine has to be the constant player in the financial market. "The more regularly and professionally the country does it, the it leads to reduction of risks more, the best opportunity to inform of the history and to depreciation of loans", - I have marked out the deputy minister. At the same time Nefedov considers that the general situation in the financial markets quite heavy, however investors estimate history of Ukraine positively. "Cost is more previous, a condition of the financial market objectively heavy now this time. For example, for Turkey which has entered the market recently and has attracted five-year papers under 7,5% while at the beginning of a year of a passive rate there were less than 3%. We see essential deterioration in a financial environment, essential growth of cost of the American treasury papers to which releases of all the friend of the countries are anyway tied. We can't control it", - the deputy minister has summed up. Also he has noted that placement of eurobonds has to affect hryvnia exchange rate positively. Earlier it became known that yesterday Ukraine has placed 5,25-year eurobonds for $750 million and 10-year-old – for $1,25 billion. Eurobonds for $750 million with repayment in February, 2024 the Ministry of Finance has sold 9% per annum with profitability. Eurobonds on $1,25 billion which will be traded on the market till November, 2028 managed to be sold with profitability 9,75%. News from the Correspondent.netv of Telegram. Subscribe for our https://t.me/korrespondentnet channel

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