EBRD issued bonds linked to the exchange rate of the hryvnia

ЕБРР выпустил облигации с привязкой к курсу гривны

The release took place on August 2 but it became known about it only now.

The European Bank for reconstruction and development (EBRD) has issued bonds for $ 10 million, payments on which are linked to the average weighted exchange rate of hryvnia on the interbank market. The release took place on August 2 but it became known about it only now, informs Finclub.

According to the prospectus of issue of securities, the hryvnia as at 1 August, the day before the date of issue of the bonds was 25,8575 UAH/USD. Accordingly, the initial amount of the issue equivalent to 258,575 million. The maturity of securities until 2 August 2018.

Eurobonds with par value of 500 thousand dollars was placed publicly by public subscription on the London stock exchange. Their yield amounted to 9.5% per annum.

A placement was ING Wholesale Banking, Depository – Euroclear Bank, Clearstream Banking S. A.

Hryvnia-denominated bonds the Bank may release in 2013, but until he took the opportunity to issue in local currency denominated bonds.

Earlier, the European Bank for reconstruction and development has kept growth forecast of gross domestic product of Ukraine in 2017 at 2%.

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