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Vodaphone Ukraine placed $500 million worth of 5-year Eurobonds at 6.2% per annum

Tuesday, February 4, 2020
Vodaphone Ukraine placed $500 million worth of 5-year Eurobonds at 6.2% per annum

Vodaphone Ukraine placed $500 million worth of 5-year Eurobonds at 6.2% per annum, reports Interfax-Ukraine. Reflecting strong foreign investor demand for Ukrainian bonds, the placement was six times oversubscribed, with $3 billion in demand. In addition, the yield was 300 basis points below a €90 million Eurobond placed nine months ago by Vodaphone. Last week’s roadshow was led by J.P. Morgan and Raiffeisen Bank International. In December, these two banks helped finance a $464 million bridge loan, allowing Azerbaijan’s Bakcell to buy the Vodaphone unit, Ukraine’s second largest mobile operator, after Kyiv Star.

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