KIEV, June 22 – The placement of Kiev's eurobonds is under threat of failure due to the limit for the interest rate set by the Ukrainian Finance Ministry, a well-informed source on the financial market has told Interfax-Ukraine.
"Before the start of the road show, the Finance Ministry set a 7.8% rate as a limit for the raising of a loan on the international market. Taking into account the fact that another issue of Kiev's eurobonds to mature on November 6, 2015 is traded at 8.5%, the rate of 7.8% offered at the road show along with the negative situation on the international financial markets has not aroused the interest of potential investors," the source said.
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