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KYIV (Reuters) – Ukraine is demanding long-term US financial assistance, the Ukrainian finance ministry said on Thursday, ahead of a $ 1 billion 5-year Eurobond bond placed under US guarantees ahead of September.
Ukrainian Finance Minister Serhiy Marchenko discussed the possibility with Undersecretary of Finance Wally Adeyemo in Washington.
“Issues of Ukraine’s reforms, cooperation with international financial institutions, changes to the Ukrainian Tax Code, the possibility of providing long-term state funding from the United States and the need to accelerate Ukraine’s NATO membership were discussed,” the ministry said in a statement after Wednesday’s meeting.
US guarantees helped Ukraine to borrow at the lowest rate of return in the country – around 1.84% in 2014-2015 and 1.47% in 2016 despite the economic crisis caused by the military conflict with the annexations of the Russian Crimean peninsula and Russian-backed separatists.
Ukraine’s latest Eurobond, worth $ 1.25 billion, was put in place for eight years in April 2021 at a coupon rate of 6.876%.
Ukrainian President Volodymyr Zelenskiy is due to visit Washington in late July.
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