THE MINISTRY OF FINANCE OF UKRAINE INVITED THE ROTHSCHILDS TO BE ADVISORS FOR THE ISSUANCE OF EUROBONDS

 October 23, 2018  News source : Stalker zone

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Translated by Ollie Richardson & Angelina Siard

14:10:49
23/10/2018

strana.ua

The Ministry of Finance has convinced international investors –  including BNP Paribas, J.P. Morgan, Goldman Sachs, and Citi – to organise a series of meetings with investors and with the Rothschilds as a financial adviser within the framework of issuing new eurobonds. As was reported on the website of the department, meetings with investors will take place in London on October 23rd and 24th, New York – on October 23rd, and Boston – on October 24th.

Following the results of the meetings, Ukraine will issue eurobonds denominated in US dollars by rule 144A (for qualified American investors) and regulation S (for non-American investors).

In turn the Acting Minister of Finance Oksana Makarova confirmed the holding of a eurobonds road show. “Our small TeamUkraine – Ministry of Finance/Ministry of Economic Development and Trade/National Bank of Ukraine – was split up in London and Team A in a smaller structure travels for New York. Ahead there is a flight and several very intense working days,” she wrote on Facebook.

In September, 2017 Ukraine placed 15-year eurobonds for $3 billion with a yield of 7.375%. BNP Paribas, Goldman Sachs, and JP Morgan were the organisers. Simultaneously with the placement of a new issue, the Ministry of Finance of Ukraine bought eurobonds with maturity in 2019 and 2020 for the total amount of $1.576 billion. Last year’s transaction became the first market placement for Ukraine since 2013. In 2014-2016 Ukraine placed 5-year eurobonds of $1 billion annually, the debt securities were guaranteed by the US, which allowed the country to borrow at record-breaking low rates [to fund Maidan and its subsequent intended consequences – ed].