Payment was made against the 2019 reporting year.

REUTERS

On May 31, 2021, Ukraine processed the first payment on government derivative securities, or GDP-linked warrants, in the amount of US $ 40.75 million.

This was reported by the press service of the Ministry of Finance in response to a request from UNIAN.

Read alsoMinistry of Finance raises UAH 14.2 billion in national budget from national bonds

“On May 31, 2021, Ukraine processed the first payment on state derivatives in the amount of US $ 40,750,645.60,” he said.

The payment was made against the 2019 baseline year, he added.

Additional placement of Eurobonds

  • Previously, the Ministry of Finance announced the need to pay US $ 40 million on GDP warrants relative to GDP growth in 2019.
  • In August 2020, the Ministry of Finance made an additional placement of Eurobonds maturing in 2020 for an amount of US $ 0.33 billion, which was fully used to complete settlements for the repurchase of securities. government derivatives (warrants linked to GDP) on the open market. , which became possible thanks to the changes introduced in the Law on the National Budget of Ukraine in April 2020.
  • On September 1, 2020, the Ministry of Finance repaid the second set of external government loan bonds issued during debt restructuring in 2015. The total payment amount exceeded US $ 2 billion.
  • Background

  • In November 2015, the Ministry of Finance of Ukraine announced that the public debt amounting to US $ 18 billion had been partially restructured. New securities maturing from 2019 to 2027 with a yield of 7.75% per annum were issued with government derivatives as part of a bond swap.
  • According to then-finance minister Natalie Jaresko, investors participating in debt restructuring would not receive payments on derivatives with Ukraine’s GDP growth below 3% after 2020. However, they will be paid when the country’s GDP growth exceeds this level.
  • The State Statistics Service reported that Ukraine’s real GDP growth in 2019 was 3.2%.

Translation:

Akulenko Olena



Source link

About The Author

Related Posts

Leave a Reply

Your email address will not be published.