Ukraine issued $1 billion Eurobonds at 7.95% per annum due June 4, 2014.
The corresponding resolution of the Cabinet of Ministers of Ukraine № 795 of August 27, 2012, was signed by Prime Minister Mykola Azarov and made public on the official government’s website.
The interest income on the bonds is payable annually on June 4 and December 4, starting from December 4, 2012.
The bond extinguishment and service are funded at the cost stipulated in the law on the state budget of Ukraine for the corresponding year for extinguishment and service of the public debt.
In addition, the Cabinet instructed the Finance Ministry to issue bonds in accordance with the Terms approved by this resolution and to provide for the funds for extinguishment and service of the bonds during the drafting of the state budget for the corresponding year.
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