Kyiv Places USD 250 Mln Eurobonds.
25 October 2008
On October 24, the Kyiv Administration completed the placements of a USD 250 mln Eurobond issue for ten years at 8.0%. Citigroup and Credit Suisse First Boston were the managers of this placement. Standard & Poor’s assigned its B+ long-term rating for Kyiv’s Eurobonds. Concorde Capital: This placement was a moderate success in comparison with previous one in 2004 (USD 200 mln for seven years at 8.625%). After an extremely successful placement of Ukraine’s sovereign Eurobonds in early October (EUR 600 mln for ten years at just 4.95%) Kyiv’s bonds were expected to be placed closer to this price level. Obviously, Euro denominated securities are more appreciated by the market than dollar ones.
