Concorde Capital’s Alexander Paraschiy writes: “The company will be able to accumulate more funds to finance its capex programs, as well as will enjoy better leverage multiples. This potentially may lead to further upgrades of the company’s credit... #UkrainianRailways #UZbonds
Ukrzaliznytsia’s $300 million Eurobond at 7.875% is getting poor reviews. Dragon Capital, co-organizer with JP Morgan, reports that 94% of the investors were from large asset management funds and 91% were from Europe and the UK. #UkrzalyznitsiaBonds #UZbonds
Ukrzaliznytsia has placed 5-year Eurobonds worth $300 million at 7.875% per annum, a banking source tells Interfax-Ukraine. This would be substantially higher than the 7% range analysts had expected. J.P. Morgan and Dragon Capital were advisors on the issue. Fitch Ratings assigned t... #UkrainianRailways #UZbonds
