Kiev Issues US-Backed Eurobonds Worth $1 Bln With 2.5% Interest Rate

The Ukrainian Cabinet of Ministers on Wednesday signed a decree on issuing eurobonds under a US-backed guarantee of $1 billion with a 2.5 percent interest rate, according to the Cabinet Members’ website.

KIEV (Sputnik) – The document reads:

“The Eurobonds from the 2015 state coffers are being issued at an overall volume of up to $1 billion. Revenue on the bonds shall be set at no higher than 2.5 percent annually. Percentage revenue on the bonds shall be paid annually on November 29 and May 29, beginning from November 29, 2015, and shall expire on May 29, 2020.”