Ukravtodor may issue Eurobonds in 2020

Ukravtodor may issue Eurobonds in 2020

The State Road Agency of Ukraine (Ukravtodor) is considering the possibility of issuing Eurobonds to attract funds for the construction of highways in 2020, according to Ukravtodor Head Oleksandr Kubrakov.

In an interview with CTS, Kubrakov reminded that the Verkhovna Rada in January voted in favor of two important bills for Ukravtodor, amending the budget code and the state budget for 2020.

"These bills provide an opportunity to attract additional funds in foreign markets. We are considering different options. One of them is the issue of Eurobonds. We will hold consultations with the Finance Ministry when and how we should do it. Now we are planning this for the first half of the current year,” he said.

As Ukrinform reported, the Verkhovna Rada on January 16 adopted bills No.2661 and No. 2660 that will allow attracting additional UAH 20 billion to the budget for road repairs in 2020.


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