Ukreximbank to make USD 500 mln Eurobond issue at 8.375%

Ukreximbank is planning to make a USD 500 mln five-year Eurobond issue with an 8.375% coupon, down from 8.5% as originally proposed, according to local media reports. Ukreximbank is set to be the first Ukrainian company to tap the foreign debt market since fall 2008. According to daily Kommersant, the issue was eightfold oversubscribed. Ukreximbank, the state-owned export-import bank, was Ukraine’s #3 largest bank by assets, with USD 7.2 bln, according to the National Bank of Ukraine.