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The eurobonds will be placed for a period up to 2024 at 8.25% per annum.
Ukrzaliznytsia CEO Yevhen Kravtsov has said the company completed the pricing procedure for eurobonds worth US$500 million, which will be placed for a period up to 2024 at an annual rate of 8.25%.
"The interest rate is significantly lower than the expected level: 8.25% per annum. And this is more than 1.5% lower than the coupon of the existing issue, which was placed back in 2013," he wrote on Facebook.
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"As planned, the placement is for a long-term period, namely, until 2024. This reduces the payment burden on Ukrzaliznytsia in the coming years, which will allow the company to develop successfully in the near future," Kravtsov added.