The State Railway Administration (Ukrzaliznytsia) intends to place Eurobonds for USD 1.5 billion in 2014. Minister of Infrastructure Volodymyr Kozak announced this during a meeting with students from the National Transport University, the press service of the ministry has announced
According to the press service, Ukrzaliznytsia has already successfully placed Eurobonds for USD 500 million on a foreign stock exchange. According to Kozak, it has been instructed to place securities for USD 500 million next year.
As reported, Ukrzaliznytsia placed five-year Eurobonds for USD 500 million through PSV Shortline Plc (Britain) on May 15, 2013. The yield rate of the securities was 9.5% per annum. The coupon on the bonds will be paid twice a year (on November 21 and May 21). Ukrzaliznytsia made the first yield payment on these bonds on November 18, 2013.
Ukrzaliznytsia expected to raise USD 1 billion, but it managed to raise only half this amount. Read more in the CFTS article “Waiting for a Billion: Ukrzaliznytsia to Place First Eurobond.”
