Ukraine canceled the agreement on the issue of 12-year Eurobonds after the resignation of Smoliy – Ministry of Finance

Ukraine canceled the agreement on the issue of new 12-year Eurobonds after the amount of 1.75 billion dollars with the possibility of redemption of Eurobonds for 750 million with maturity in 2021-2022, the Ministry of Finance said in a comment to the Interfax-Ukraine agency … The operation began on July 1. The yield benchmark fell from 7.875% to 7.3-7.4%.

On the evening of July 1, the chairman of the National Bank, Yakov Smoliy, wrote a letter of resignation of his own free will for “systematic political pressure.” The President’s Office assured that the National Bank will remain an independent body. Yakov Smoliy has been working as chairman of the NBU since March 2018.

The parliament should consider his resignation.

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