Eurobond 2024

Following meetings with investors and pricing, Ukrainian Railways is the first post-pandemic quasi-sovereign company raised USD 300 million funding by issuing Reg S senior unsecured loan participation notes with a maturity of 5 years.

Based on the results of pricing the YTM was fixed at 7.875% p.a., lower than the coupon of the 2019 Eurobond issue. Investors showed strong interest to provide financing to the Company – demand was twice as much as the Company's supply, tickets for financing were received from over 70 investors, predominantly from the UK and Switzerland.

Funding was arranged by Joint Lead Managers and Bookrunners of the issue - the leading international investment banks J.P. Morgan and Dragon Capital with the support of the Minister of Infrastructure of Ukraine.

 Eurobond issue details