Ukraine will borrow USD 1 billion through bonds this year
2012-08-28 12:25:19
The Cabinet planned to issue foreign bonds in 2012 worth USD 1 billion.
The Cabinet's resolution says of August 27, No. 795, the text of which is posted on the government portal.
"Foreign bonds of 2012 are issued totaling USD 1 billion. The nominal value of one share is USD 200,000 and/or the bigger amount, which is one figure, divisible by USD 1,000. The yield at the rate of 7.95% annual is accrued on the bonds. The interest rate on the bonds will be paid every year on June 4 and December 4, starting with December 4, 2012. Retirement of bonds will be carried out June 4, 2014," the document notes.
State foreign borrowings are carried out with the aim of fulfillment of the Law of Ukraine "On the State Budget of Ukraine for 2012" through the issue of foreign bonds of 2012, the resolution explains.
According to the Finance Ministry, over July 2012, the amount of public and publicly guaranteed debt of Ukraine grew in the hryvnia equivalent by UAH 17.20 billion in total at the expense of the issue of Eurobonds to the amount of USD 2 billion.