Ukraine sells euros as Zelensky trust grows

Ukraine (resized 230 x 150)
By Francesca Young
13 Jun 2019

Ukraine set the terms on its €1bn seven year bond on Thursday afternoon, taking advantage of a huge bid for CEE euro sovereign deals this week and a rally in the country’s own debt since president Volodymyr Zelensky was elected at the end of April.

Ukraine had been waiting to print since Zelensky’s victory on April 21. Price guidance was released at 7.125% area on Thursday morning in London for a seven year benchmark before being refined to 6.875%-7% and the price eventually being set at 6.75%.  

The issue carries expected ratings of ...

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