Naftogaz successfully priced a 7-year Eurobond for a USD 500 million size. The senior unsecured bond is issued under 144A/Reg S format and carries an interest of 7.625% payable semiannually, company reports.
Fitch has rated Naftogaz at B [with positive outlook], with notes also expected to be rated at B; at the same level of Ukraine’s sovereign rating.
The orderbook peaked at almost 2.9 times oversubscription. Worldwide investors from the US, UK, Switzerland, Germany, & other EU Member States; Asia or Middle East have participated on the offering.
