Ukraine placing U.S. secured $1 bln five-year eurobonds at 2.5%

14:24, 22.09.2016 1 min read

The Ukrainian government has approved the term for U.S. secured $1 billion eurobonds at five years and the upper rate of 2.5% per annum.

"The final rate will be set after today's pricing later. The pricing will appear today at around 18:00," Ukrainian Finance Minister Oleksandr Danyliuk said.

As reported, Ukraine placed U.S. secured $1 billion five-year eurobonds on May 27, 2015 with yield exceeding similar U.S. bonds by 32 basic points- 1.847% per annum. Citi, JP Morgan and Morgan Stanley organized the deal.

The first U.S. secured $1 billion eurobonds were issued in 2014. The yield was 28 basic points more than U.S. bonds due April 30, 2019 – 1.844% per annum. JP Morgan and Morgan Stanley organized the deal.