VTB Capital successfully places USD 690mn Ukrainian ‘Euro 2012’ Eurobond issue

VTB Capital, acting as a joint bookrunner, has successfully placed the second Eurobond issue, in the amount of USD 690mn, for State Enterprise "Financing of Infrastructural Projects” of Ukraine (the UEFA Euro 2012 football championship). The 7-year bond has a coupon rate of 7.4%, which represents a minimum premium over Ukraine’s sovereign yield curve. The transaction was guaranteed by Ukraine’s Ministry of Finance, with the bonds to be listed on the Irish Stock Exchange. The proceeds will be used to finance infrastructure projects as part of the UEFA Euro 2012 football championship. Andrey Solovyev, Global Head of DCM at VTB Capital, said: “We are very pleased that State Enterprise "Financing of Infrastructural Projects – Euro-2012” of Ukraine chose VTB Capital for this transaction. This placement has been successfully priced at an attractive level for the issuer.”

• Status
  early redeemed
• Country of risk
  Ukraine
• Redemption (put/call option)
  *** (***)
• Amount
  690,000,000 USD
• М/S&P/F
  — / — / —

• Full name
  Financing of Infrastructural Projects
• Industry
  Construction and development