Bond Market Highlights: PrivatBank Issues $US200 Million Eurobonds
PrivatBank, the largest commercial bank in Ukraine, has successfully made a placement of 2015 - Eurobonds worth $US200 million.
The newly-issued Eurobonds carry a coupon of 9,37 percent. Altogether, PrivatBank issued three tranches of Eurobonds. The eligible amount of all securities currently outstanding is $US 850 million. The current yields-to-maturity (YTMs) are as follows: Privatbank’12 – 8,25 percent Privatbank’15 (the new issue) – 9,34 percent, Privatbank’16 – 8,81 percent.
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