Vodafone Ukraine, the second largest Ukrainian mobile operator, has placed a Eurobond issue for $500mn at 6.2% per annum.
A source in the banking secotor told news agency Interfax that the demand for the operator's bonds amounted to about $3bn. "The funds raised will be used to repay the bridge loan [of] the amount of $464mn and corporate goals," the source said.
JP Morgan, Raiffeisen Bank International, Dragon Capital and ICBC Standard Bank acted as organisers of the bond issue.
In November, Russian telecom operator MTS signed an agreement with Telco Solutions and Investments, which is owned by Azerbaijan's Bakcell telecom company, on the sale of MTS operations in Ukraine - Vodafone Ukraine - for $734mn, including deferred payments of about $84mn. Bakcell telecom company is incorporated in NEQSOL Holding.
Tashkent Stock Exchange (TSE) has released its results for 1Q24, revealing a significant decrease in trading volume y/y. The results report, compiled by the TSE and Avesta Investment Group, ... more
The European Investment Fund (EIF), part of the EIB Group, said on April 15 that it has signed guarantee agreements with 11 banks and financial intermediaries in the Western Balkans. These ... more
Hungary’s economic rebound will be modest this year, around 2%, and the return to potential growth is set to be postponed to 2025 with GDP expanding around 3.2%, according to UniCredit bank's ... more