Naftogaz yanked despite strong market conditions

AdobeStock_Ukraine_575x375_01July2020
By Lewis McLellan
20 Oct 2020

Naftogaz of Ukraine elected to pull its long six year benchmark bond from the market on Monday, postponing it indefinitely.

Citi, the sole lead on the transaction, announced on Monday afternoon that Naftogaz had “chosen not to proceed with its new issue despite an oversubscription of demand”. The funding exercise has been “deferred to a later date”.

The deal was announced on Monday morning with initial price thoughts ...

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