Monday 23 December 2013

$3Bln Ukraine Eurobond Issue Bought by Russia | Business | The Moscow Times

$3Bln Ukraine Eurobond Issue Bought by Russia | Business | The Moscow Times:

"Russia has closed a deal to buy Ukraine's newly-issued $3 billion Eurobond, part of a $15 billion bailout of its smaller neighbor, Russian Finance Minister Anton Siluanov said Monday.

Russia offered a lifeline to Ukraine last week, helping revive the country's economy and keep it within Moscow's orbit.

Moscow is tapping its National Welfare Fund, a rainy day reserve, to buy $15 billion worth of Ukrainian Eurobonds. It is also offering Kiev relief on the price of gas exports.

"The deal was closed on Friday," Siluanov told journalists, referring to the $3 billion bond. He added that another tranche of help would be set next year.

The non-tradable Eurobond matures in two years and has a coupon of 5 percent."

'via Blog this'

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