Ukrzaliznytsia, the state-owned railway operator of Ukraine, has placed five-year eurobonds worth $500 million with a yield of 8.25%, a source in the banking circles has told Interfax.

The placement was organized by JP Morgan and Dragon Capital investment company. Road show in the UK and continental Europe started on June 26.

Ukrzaliznytsia in its report for 2018 wrote that it considers the issue of eurobonds in the second and third quarters of 2019 to be the priority option for refinancing the existing public debt.