Ukraine to Issue US-backed Eurobonds in May

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Ukraine to Issue US-backed Eurobonds in May - Sputnik International
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The Ukrainian government plans to issue Eurobonds in May under a US guarantee after receiving financial aid from the IMF and other international lenders, Ukrainian Deputy Finance Minister Vitaliy Lisovenko told Bloomberg.

MOSCOW, April 29 (RIA Novosti) – The Ukrainian government plans to issue Eurobonds in May under a US guarantee after receiving financial aid from the IMF and other international lenders, Ukrainian Deputy Finance Minister Vitaliy Lisovenko told Bloomberg.

“We will get a good amount of money and this should positively affect expectations for the Ukrainian economy. Ukraine will issue Eurobonds under US government guarantees in May,” Lisovenko said in an interview published Tuesday.

Ukraine expects to receive $16.8 billion in loans from the IMF under the stabilization program. A meeting of the IMF on Ukraine is scheduled for Wednesday, and it is expected the first tranche of the loan could reach $3 billion.

The IMF Stand-By program provides for loans under specific conditions, including austerity measures, fiscal consolidation and sometimes privatization and monopoly prices for services.

Earlier this month, the US and Ukraine signed a $1 billion agreement on financial assistance to Kiev, including provisions for Washington to guarantee Kiev’s securities.

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