Ukreximbank places USD 100 mln, 10Y subordinated bond

8 November 2019

Ukrainian State Export-Import Bank (Ukreximbank, EXIMUK) has decided to place a subordinated Eurobond for USD 100 mln, the Interfax news agency reported on Nov. 7, citing its sources. The expected interest rate for the issue is 9.95%, maturing in ten years and callable in five years. The placement is planned to be completed next week.


Alexander Paraschiy: This is the second internatiomal debt issuance of Ukreximbank since Ukraine's financial collapse of 2014. Last year, the bank placed a UAH-denominated international bond. The reported rate looks justified for a subordinated bond issue, so we expect the placement will be successful. A small, subordinated and callable bond is very unlikely to be liquid.

Upcoming Events

Nov 27
1Q FY20 interim report
Nov 27
EUR 286 mln local sov'n bond repayment
Dec 12
USD 160 mln local sov'n bond repayment
All Events →