#AFN2014 says adds to my post today on the `tranche of $2 billion and the `gas concessions’
English: NOVO-OGARYOVO. Meeting on deliveries of Russian gas to Ukraine. Русский: NOVO-OGARYOVO. Meeting on deliveries of Russian gas to Ukraine. (Photo credit: Wikipedia)
Russia will purchase another tranche of Ukrainian eurobonds worth $2 billion, Russian Finance Minister Anton Siluanov told reporters on Monday.
“This week, two billion,” Siluanov said while answering the question about when Russia is to get the next tranche.
In mid-December 2013 Russia agreed to grant Ukraine a $15 billion loan and a 33 percent gas discount.
At the end of last year Russia bought the first bonds worth $3 billion dollars at 5 percent interest.
As part of the agreement Moscow will use $5 billion it holds in the form of a Special Drawing Rights (SDR), with another $10 billion coming from the National Welfare Fund.
At the end of January Ukraine said it would issue another $2 billion worth of government bonds to Russia, with the same conditions as the previous $3 billion bond sale in December.