Following the meetings, Ukraine will issue euro denominated eurobonds under rule 144A (for qualified American investors) and provision S (for non-American investors).
In turn, the Minister of Finance Oksana Makarova confirmed the holding of a Eurobond road show. “Our small TeamUkraine in the Ministry of Finance-MERT-NBU split in London and Team A is flying to New York in a smaller structure. Ahead of the flight and some very busy days,” she wrote on Facebook.
Screenshot: facebook.com/ Oksana Markarova
In September 2017, Ukraine placed 15-year Eurobonds for $ 3 billion with a yield of 7.375%. The organizers were BNP Paribas, Goldman Sachs and JP Morgan. Simultaneously with the placement of a new issue, the Ministry of Finance of Ukraine bought Eurobonds with maturity in 2019 and 2020. Last year’s deal was the first market placement for Ukraine since 2013. In 2014-2016 Ukraine annually placed 5-year Eurobonds in the amount of $ 1 billion, debt securities were guaranteed by the United States, which allowed the country to borrow at record low rates.