KIEV, Sept. 25 – The reduction in the borrowing rate for Ukraine's additionally placed five-year eurobonds will allow Ukrainian state-run banks and large corporations to return to the foreign borrowing market, Finance Minister Yuriy Kolobov said.
"While in spring and early summer the rates of Ukrainian bonds were over 10%, this is now impossible to realize. Now, taking into account the 1.5-2% bonuses on government bonds, it is a rather cheap competitive resource, which will be used by our companies," he said on the Banking Television created by the NBU during a visit to Washington as a part of the Ukrainian delegation.
Kolobov said that traditionally bonuses to eurobonds issued by Ukrainian banks are 1-1.5% to the sovereign bonds, and that for bonds of large corporations – 1.5-2%.
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