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Ukreximbank Places $350m Eurobond.

Ukreximbank Places $350m Eurobond.

1 September 2008

State-owned Ukreximbank, Ukraine’s fifth-largest bank by assets, completed the placement of $350m of three-year Eurobonds at 7.65%. Alexander Viktorov: This year’s placement was significantly more expensive for Ukreximbank than last year’s $250m Eurobond, placed at 6.8% with seven-year maturity. In addition to the increase in emerging market interest rates over the past year, the long-running political stand-off in Ukraine and the risk of a change in the country’s political direction negatively affected investors’ sentiments. 

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