The FINANCIAL -- At the beginning of the calendar year Joint Stock Company The State Export-Import Bank of Ukraine has successfully closed the deal of issuing USD500mln 5-year Eurobond rated B3 by Moody’s and B by Fitch. The issue was priced at a coupon rate of 8.75% p.a.

The Lead Managers of the deal were Credit Suisse Securities (Europe) Limited and Morgan Stanley & Co. International plc.

The orderbook exceeded USD1.1bn. Over 120 international investors participated. Asset managers took the major part of the deal (47%), the rest was taken by hedge funds (29%), retail and private banks (20%) and other companies (4%).

Geographically, the UK investors took 31% of the issue, US offshore 28%, Switzerland 17%, other Europe 15%, Asia 5%, and other countries 4%.

Successful marketing campaign and impeccable reputation of the state-owned bank among international investors allowed Ukreximbank to issue Eurobond inside its own curve. As the State Export-Import Bank of Ukraine said, the issue will be included into the EMBI+, becoming the third Ukreximbank inclusion into the index.

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