Ukraine raises $3 billion in first bond since 2014 revolution

Ukraine has raised $3 billion in its first sovereign bond issue since the country's 2014 revolution, a source close to the deal said on Monday. The proceeds from the 15-year eurobond sale overshot the treasury's initial target of $2.5 billion, with the funds earmarked for debt servicing, the source told AFP.
The country had been unable to tap the international bond market since upheaval and military conflict three years ago, leading to a major restructuring of its outstanding debt in 2015. Most creditors accepted to grant Ukraine debt relief at the time, but not Russia. Since then, Kiev has been struggling to recover from a devastating economic crisis as the Russian-backed insurgency in its industrial east helps gut its fragile finances.