Fitch assigns B rating to Ukraine's USD 2bn Eurobonds.

By bne IntelliNews July 20, 2012
Fitch Ratings, has assigned a B rating to Ukraine's USD 2bn Eurobonds. The Eurobond has a coupon rate of 9.25%. The rating is in line with Ukraine's Long-term foreign currency Issuer Default Rating (IDR), which has a Stable Outlook. Eurobonds were placed to the amount of USD 2bn, which is twofold up against the planned amount. The papers' yield is 9.25% per annum. The securities had five-year maturity (due on July 24, 2017). The first yield will be paid out on January 24, 2012 (the yield on the bonds will be paid out once every six months). The floatation lead managers are JP Morgan, Morgan Stanley, VTB Capital and Troika Dialogue. Last time, Ukraine placed Eurobonds in February 2011 to the amount of USD 1.5bn for the term of 10 years under 7.95%. Currently, they are traded at 10% on the secondary market.

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