Demonstrating the financial world’s hunger for yield, Metinvest’s Eurobond placement was almost five times oversubscribed,

Friday, September 18, 2020
Demonstrating the financial world’s hunger for yield, Metinvest’s Eurobond placement was almost five times oversubscribed,

Demonstrating the financial world’s hunger for yield, Metinvest’s Eurobond placement was almost five times oversubscribed, a banker told Interfax-Ukraine last night. Ukraine’s largest vertically integrated iron mining and steel company, seems to be getting more money cheaper than it expected. Initially looking for $300 million at 8.5%, Metinvest appears to be settling for $333 million worth of seven-year bonds for 7.95-8.05%. For comparison, 10-year US Treasuries carry a yield of .69%

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