Ukraine raises $1 bln from placing U.S. secured eurobonds

18:32, 29.09.2016 1 min read

The Ukrainian government on Thursday received $1 billion from placing U.S. secured eurobonds, Ukrainian Finance Minister Oleksandr Danyliuk has said.

"$1 billion from the issue of U.S. secured eurobonds arrived to Ukraine's account!" he said on Facebook.

As reported, Ukraine on September 23 placed five-year $1 billion eurobonds under United States guarantees at the yield rate of 1.471%. The organizers of the placement are: Citi, JP Morgan and Morgan Stanley. The upper coupon rate is 2.5% per annum.

Demand on the securities exceeded supply.

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.