Friday 26 December 2014

Ukraine to list $15bn bonds on the Irish Stock Exchange

Published 20/12/2013 | 02:30

Russian President Vladimir Putin

UKRAINE is understood to be considering using the Irish Stock Exchange to "list" a planned $15bn (€11.9bn) of rescue bonds being issued under a deal with Russia.

Ukraine has agreed to issue the bonds as part of a financial rescue deal hammered out with its neighbour.

The deal is being seen as a geopolitical victory for Russian President Vladimir Putin (pictured) over the European Union in a rumbling battle for power in Central and Eastern Europe. The deal will see Russia lend $15bn to cash-strapped Ukraine through new bonds, and provide vital gas supplies at a 33pc discount. Longer term it is expected to move Ukraine deeper into Russia's sphere of influence.

Reports from Russia suggest the new debt instruments could be issued on the Irish Stock Exchange. A spokeswoman for the exchange declined to comment but said the Government of Ukraine already lists its sovereign bonds here.

Irish Independent

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