Yesterday Ukrzaliznytsia started investor calls for the placement of new 5-year Eurobonds to raise $300 million, Interfax-Ukraine has reported.

 Last month, S&P changed the outlook for Ukrzaliznytsia’s credit rating from negative to positive in connection with a debt rescheduling deal with Sberbank. With the economic downturn caused by the pandemic, UZ saw its 2019 UAH 2.99 billion net profit move to a UAH 11.9 net loss in 2020. J.P. Morgan and Dragon Capital are the advisors on this week’s bond issue.