Fininpro chose Morgan Stanley for additional eurobond issue

Morgan Stanley & Co. International plc (London) will provide financial services to the state enterprise Financing of Infrastructure Projects (Fininpro) for placement of the additional issue of Eurobonds, according to Fininpro statement in the public procurement information disclosure system. According to the document, the services will be provided in September 2011; the cost of services is USD 427.8 thousand. Morgan Stanley has been selected within procurement procedure with one bidder. In late August, the government permitted Finnpro to issue additional Eurobonds under state guarantees worth UAH 740 million (about $ 92.5 million). In late October - early November 2010, the state enterprise placed a debut issue of government-guaranteed seven-year Eurobonds in amount of $ 568 million with a coupon rate of 8.375% per annum. The yield on the securities is payable semi-annually: on May 3 and November 3. The issue matures on November 3, 2017. Morgan Stanley arranged the Eurobond placement. In April 2011, Fininpro placed second seven-year Eurobond issue with a government guarantee in amount of $ 690 million. The issue yielded 7.4% per annum; maturity date is April 20, 2018. Arrangers were Morgan Stanley International and VTB Capital. Fininpro was created by the order of the National Agency on preparation and staging of the 2012 European Football Championship finals to raise financing under state guarantees. Chief manager of the funds is Ukrevroinfraproekt, which also manages Fininpro. Any subsequent use of information materials/ news of Interfax-Ukraine is prohibited and is possible only with the written consent of Interfax-Ukraine.

• 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