Ukraine Will Issue Eurobonds worth USD 2 bln in July
OREANDA-NEWS. July 08, 2010.
Millennium Capital sees this news as positive for the sovereign. Despite the doubts concerning the possible Eurobonds issue by the government, the latter has eventually announced the terms and set on a road show starting July 7. Despite the huge volume of USD 2bn announced and a low current YTM of sovereigns (6-7%), Millennium Capital expects the entire issue to be placed with only a slight increase in yield thanks to a timely rating upgrade by Fitch as well as the recent decision of IMF to resume cooperation with the Ukrainian government.
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