July 30, 2020 | Cbonds
|"On 30 July 2020, Ukraine announced the successful settlement of its new U.S.$2,000,000,000 7.253% Eurobond due 2033 (the “Notes”), as well as the completion of the switch tender offer in relation to its outstanding U.S.$-denominated 7.75% senior notes due 2021 and U.S.$-denominated 7.75% senior notes due 2022. The Notes have been admitted to trading on the regulated market of Euronext Dublin.|
The investor base of the full deal was dominated by asset managers, which accounted for 81% of the notes issued and tendered, followed by hedge funds (13%), banks (4%) and insurance and pension funds (2%).
Investors from the United States, the United Kingdom and Continental Europe have generated the majority of demand in the new Eurobond’s primary offering, with 48%, 38% and 13% of allocations, respectively.
The total indications of interest for the new issue and tender offer peaked in excess of U.S.$7 billion from over 200 investors globally.
Goldman Sachs International and J.P. Morgan acted as Joint Lead Managers and Joint Dealer-Managers on the transaction," Ministry of Finance of Ukraine.
|Status||Country of risk||Maturity (option)||Amount||Issue ratings (M/S&P/F)|
|Full company name||Ukraine|
|Country of risk||Ukraine|