Ukraine prints $2bn ‘statement’ but it’s no game-changer

19 Jul 2012

A long-awaited $2bn sovereign bond sold by Ukraine this week has raised hopes that more issuers from the country may be able to follow it into the market. But some say that the deal is not a game changer — and the fundamental problems the country faces in the year ahead remain the same.

Ukraine printed a 9.25%, five year deal on Tuesday night, finally returning to the Eurobond market 10 months after first trying to place the bonds. JP Morgan, Morgan Stanley, Troika Dialog and VTB arranged the deal.

Last month the country repaid $1bn of a $2bn loan it had taken ...

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