Demand for Ukrzaliznytsia eurobonds exceeds supply

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Ukrzaliznytsia has placed a 5-year $500 million Eurobond at 8.25% per annum, the lowest level in the company’s history

“More than 175 investors from the UK, continental Europe, the United States and Asia presented their offers to purchase the securities. Consequently, the demand was 5 times higher than the offer and reached $2.5 billion,” said the chairman of the company’s board Yevhen Kravtsov on Facebook.

By comparison, in 2013 the company issued its first Eurobond at 9.5% and then restructured it into a 2021 amortizing issue at 9.875%.

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