The volume of placement of the five-year tranche of Ukraine’s eurobonds will be $750 million, that of the ten-year one some $1.25 billion, a source in the banking circles has told Interfax. Thus, the country is placing eurobonds worth $2 billion. The yield of the five-year tranche (it is “long,” maturing in February 2024) was 9% per annum, the ten-year tranche some 9.75%. The initial reference point was about 9.25% and about 10% respectively.
The volume of the order book amounted to $4.9 billion.
As reported, the organizers of the issue of Ukraine’s eurobonds are BNP Paribas, Citi, Goldman Sachs and J.P. Morgan. Ukraine plans to use funds from eurobond placement to repay 2019 eurobonds worth $725 million, as well as for general budget purposes.
