Головна сторінка
/
Новини
/

Ukrainian Railways is preparing USD 200 mln tap issue of Eurobond

Ukrainian Railways is preparing USD 200 mln tap issue of Eurobond

15 September 2021

The management board of Ukrainian Railways (RAILUA)
decided on Sept. 2 to issue additional USD 200 mln in Eurobonds to finance its
CapEx program, Interfax-Ukraine reported on Sept. 14 citing information
disclosed on the domestic procurement system ProZorro. This should be a tap
issue of LPNs initially placed in July (USD 300 mln maturing in July 2026).
The bond, which has coupon rate of 7.875%, is currently traded at 103.4% of
par.

 

Alexander Paraschiy: As the vast majority of the USD 300 mln raised from the latest bond
issue has been spent to refinance the company’s other debts (including a USD 50
mln bond that matures today) and as Ukrainian Railways is still generating
insufficient cash flow from operations (UAH 3.6 bln in 1H21) to finance its CapEx, the decision to issue
additional bonds looks logical. Thus far, the timing for such an issue is
favorable.

Останні новини

News

23

02/2022

Separatists may claim entire territories of two Ukrainian regions

Russia has recognized “all fundamental documents” of the self-proclaimed Donetsk and Luhansk People’s Republics (DNR...

News

23

02/2022

U.K. to provide USD 500 mln loan guarantee for Ukraine as IMF mission starts

The British government is going to provide up to USD 500 mln in loan guarantees...

News

23

02/2022

MinFin bond auction receipts jump to UAH 3.5 bln

Ukraine’s Finance Ministry raised UAH 3.3 bln and EUR 7.2 mln (the total equivalent of...