€1 billion placement: strong positive signal
UKRAINE
- In Brief
14 Jun 2019
by Dmytro Boyarchuk
Yesterday Ukraine placed €1 billion Eurobonds in EUR under 6.75% yield. Excellent news amid messy political developments. Let alone delayed IMF program. In fact, it’s a real success to attract private external funding already under new leadership. Skeptics say the placement was expensive. But in essence it was a big question whether investors are ready to risk money under Zelenskiy or not. As we see foreign elites perceive new president much better than local establishment. Hopefully, after parliament elections end local craziness also wanes.
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