Ukravtodor’s Eurobonds, offered under sovereign guarantees, were three times oversubscribed last week
, Infrastructure Minister Oleksandr Kubrakov writes on Facebook. Ukravtodor received applications for nearly $2.4 billion and placed $700 million. With the yield on the 7-year bonds priced at 6.25%, the “Big Construction” bonds “received a historically low rate compared to previous Ukrainian sovereign placements in US dollars,” he wrote. Dragon Capital, a joint lead manager with JP Morgan, said bids came from about 140 investors – UK – 41%; US – 28%; and Europe – 28%.