Fitch assigns B rating to Ukraines USD 1.25bn eurobonds.

By bne IntelliNews June 15, 2011
Fitch Ratings has assigned B rating on Ukraine's USD 1.25bn eurobonds. The rating is in line with Ukraine's Long-term foreign currency issuer default rating (IDR), the outlook is stable. The agency noted Ukraine's coming out from a severe crisis, resumption of economic growth, lower financial volatility, greater political stability following the 2010 presidential elections and a USD 15.6bn agreement with the IMF. As reported, Ukraine has placed USD 1.25bn eurobonds. The bond yield was 6.25% per annum with a five-year maturity. The bid book was underwritten three times. The transaction involved more than 200 investors.

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