Order Book Closed for Issue Eurobonds by Ukrzaliznytsia
OREANDA-NEWS. The order book was closed for the issue of USD 500 mln worth of 5-year Eurobonds by Ukrzaliznytsia. The coupon rate was set at 9.5%. The issuer is Shortline PLC (United Kingdom). The Eurobonds were issued in accordance with Reg S/144A and have been listed on the Irish Stock Exchange. Sberbank CIB was one of the arrangers of the issuance.
Ukraine’s railway network is the leading sector in the country’s transportation system, responsible for 82% of freight and 50% of passenger transportation. The volume of freight transported on Ukraine’s railways in 2012 totaled nearly 237 bln tkm, which is the leading figure in Europe and second among CIS countries.
In 2012, passenger traffic amounted to 49 bln pkm, which is the second highest figure among CIS countries and the fourth highest in Europe. Ukrainian railways possess an extensive fleet of rolling stock, including over 4,200 locomotives, and 132,000 freight cars.
Ukrzaliznytsia, the State Administration for Railway Transportation in Ukraine, is the body that oversees railway transport in the country. The administration sphere of Ukrzaliznytsia covers the railways of Donetsk, Lviv, Odessa, Pivdenna (Southern), Pivdenno-Zakhidna (Southwestern) and Pridniprovska Railways as well as other enterprises and organizations comprising the integrated industrial-engineering complex, which enables freight and passenger transportation. All enterprises in the sector are state-owned.
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