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Ukraine places 10-year Eurobonds worth €1,25 billion at 4.3% per annum

Source : 112 Ukraine

The bid for the new issue's securities amounted to more than seven billion euros
09:20, 23 January 2020

Open source

Ukraine has announced the pricing of new Eurobonds worth 1,25 billion euros, which are denominated in Euro, with a maturity date of January 27, 2030. This was reported by the press service of the Ministry of Finance.

"We are pleased to announce that today Ukraine has issued Eurobonds with a maturity of 10 years at the lowest coupon in the country's history at a rate of 4.375%. Having collected applications from more than 350 investors from around the world, we have placed the second point of the yield curve in the euro," Minister of Finance Oksana Markarova said.

The bid for the new issue's securities amounted to more than seven billion euros. The funds raised will be used in order to finance the state budget.

Related: Naftogaz announces placement of its Eurobonds for one billion dollars

BNP Paribas, JPMorgan, and Raiffeisen Bank International have been involved as joint lead managers and bookkeepers of the transaction.

The new release is expected to be rated "B" by Standard & poor's and "B" by Fitch rating agencies. Payments for the new release are due on January 27, 2020.

As we reported earlier, in 2019, Ukraine's state-run financial entity issued the Eurobonds twice, in March and June. The first round witnessed the additional placement of obligations for USD 350 million, and during the second one, Ukraine released six-years-long Eurobonds, thanks to which it managed to involve 1 billion Euros.

Last September, the government covered the debt under the previously issued obligations. The overall sum made 1.1 billion dollars. The debt body amounted to $ 661.34 million, and interest was $ 444.36 million.

Related: Ukraine to release first ten years-long Eurobonds this year, - Finance Ministry

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