Ukraine priced for success
Ukraine this morning set price talk on its 10 year dollar benchmark at 6.75%-6.875%. With Ukraine’s outstanding 2016 notes yielding 6.40% when guidance was announced, bankers away from the deal thought the guidance offered a 25bp-37.5bp new issue premium. “That’s the sort of premium corporates have been paying,” said one. Read EuroWeek on Friday for full analysis of Ukraine’s latest offering and the signs for other sovereign borrowers looking to tap the market.
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