September 10, 2019 / 8:38 PM / 10 days ago

Ukrainian Railways borrows $100 mln via additional placement of Eurobond-2024

KIEV, Sept 10 (Reuters) - State-owned Ukrainian Railways has borrowed almost $100 million by placing an additional issue of its five-year Eurobonds, Ukraine’s infrastructure minister said late on Tuesday.

The company sold its initial $500 million with a yield of 8.25% in July while investors’ demand was about $2.5 billion.

“Today Ukrzaliznytsia (Ukrainian Railways) has placed almost $100 million of Eurobonds with a final maturity in 2024,” Vladyslav Kryklii posted on Facebook.

He said the company, which controls the railroad network in Ukraine, would use the proceeds for upgrading the Trans-European Transport System rail corridor. (Reporting by Natalia Zinets Editing by Sonya Hepinstall)

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