Ukraine corporate trio meets warm reception

Ukraine Kiev alamy 230x150
By Lewis McLellan
07 Nov 2019

Investors had three Ukrainian corporate bonds to buy this week — the first time there has ever been such a choice, according to Dealogic data. The deals defied a tricky market and political turbulence to pull off strong results.

Naftogaz came first, raising $500m of seven year cash on Monday. Citi was sole lead and set initial price thoughts at 7.875% area. With a book of over $1bn, the spread was set at 7.625%.

One banker away from the deal said: “It looked like a good ...

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