Ukraine's Finance Ministry has confirmed the fact that it has begun preparations for the issue of euro-denominated eurobonds with a ten-year maturity period.
"The new EUR-denominated Reg S/144A senior unsecured notes are offered with a bullet maturity of 10 years. FCA/ICMA stabilization applies," the ministry said on website on January 22.
The ministry mandated BNP Paribas, J.P. Morgan and Raiffeisen Bank International AG as Joint Lead Managers to arrange a global investor on January 22.
Earlier, an informed source in the financial market told UNIAN that the Finance Ministry had begun preparations for the issue of euro-denominated eurobonds with a ten-year maturity period and a yield of about 5% per annum. The upcoming issue may amount to about EUR 1 billion.
Later, financial analyst at ICU Mykhailo Demkiv wrote on Facebook that the ministry would place 10-year bonds worth EUR 1.25 billion at 4.375% per annum. According to him, investors' demand for the securities was high.
As UNIAN reported earlier, eurobonds worth EUR 1 billion were issued in June 2019 with a seven-year maturity period and a yield of 6.75% per annum. The issue took place after a 15-year break.