Ukraine placed $2 billion of Eurobonds at 7.25% yesterday – more money at a lower rate than at the frustrated bond placement of three weeks ago.

Ukraine placed $2 billion of Eurobonds at 7.25% yesterday – more money at a lower rate than at the frustrated bond placement of three weeks ago. On July 1, investors committed to buy $1.75 billion at 7.3%. But the news that the head of the central bank had unexpectedly resigned forced the Finance Ministry to pull the placement. Yesterday’s issue was more than three times oversubscribed. The initial target yield was 7.75%.