New UKRINF Eurobond issue planned
Taras Kotovych, Fixed-income analyst, Investment Capital Ukraine:
UKRINF (b2/NR/NR) is going to issue a new USD650m (UAH5.2bn) Eurobond this year to finance infrastructure development projects, including airports, Interfax-Ukraine reported, per a decision by government authorities on 26 October 2012. The issue will be led not by Morgan Stanley, but by Troika-Dialog in cooperation with FTN Monitor LTD with legal services provided by Hogan Lovells. This issue is expected to be offered very soon when interest rates decline.