Ukrzaliznytsia bond comes at 9.5%, wide of low 9% thoughts
Ukrainian state railway company Ukrzaliznytsia drew criticism on Tuesday when it priced its $500m five year deal at a yield of 9.5%, having originally released initial price thoughts for the deal at low 9%. The deal’s size was also at the lower end of the $500m-$700m target that the company had earmarked for the bond.
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