Page 57 - UKRRptOct21

8.5 Fixed income
8.5.1 Fixed income - bond news
Ukrainian Railways is preparing $200mn tap issue of Eurobond. The management board of Ukrainian Railways (RAILUA) decided on September 2 to issue additional $200mn in Eurobonds to finance its CapEx program, Interfax-Ukraine reported on September 14 citing information disclosed on the domestic procurement system ProZorro. This should be a tap issue of LPNs initially placed in July ($300mn maturing in July 2026). The bond, which has coupon rate of 7.875%, is currently traded at 103.4% of par.
The Ministry of Finance of Ukraine redeemed $1 bin US guaranteed Eurobonds. Ukraine has repaid the third and last issue of the US guaranteed notes. The total payment of $1 bln was a redemption payment and interest payments amounted to $7.355 million. The Eurobond was issued under the US guarantee with a nominal amount of $1 billion in 2016 at a yield of 1.471% per year. This is the last out of three US-guaranteed notes issued in 2014-2016 at an interest rate of less than 2% per annum, the first of which was repaid in May 2019 and the second in May 2020.
57 UKRAINE Country Report October 2021 www.intellinews.com