Initial price guidance for a three-year dollar-denominated eurobond from Ukraine's state-run energy firm Naftogaz is around 7.75%, while guidance for a five-year euro-denominated eurobond is about 7.5%, according to IFR, Refinitiv's capital markets news service.

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Naftogaz plans to issue at least a $300 million dollar-denominated eurobond and at least a 500 million euro ($563 million) euro-denominated eurobond, although the total combined size will not exceed the equivalent of EUR 900 million, Financial Post reported with reference to Reuters.

Naftogaz has hired Citigroup and Deutsche Bank to act as joint lead managers.