The National Securities and Stock Market Commission on August 12 admitted five-year Eurobonds of JSC Ukrzaliznytsia issued through Rail Capital Markets Plc (ISIN XS2365120885), to circulation in Ukraine.
According to the information on the website of the National Securities and Stock Market Commission, the bringing of the Eurobonds to the market was initiated by the lead manager of the placement of these bonds Dragon Capital. The bonds are planned to be included in the stock exchange list of the Ukrainian Exchange.
Interfax-Ukraine could not immediately reach Dragon Capital for comment regarding the purpose of bringing these securities to the Ukrainian market.
As reported, Dragon Capital and J.P. Morgan acted as co-lead managers and book-runners for the placement of Ukrzaliznytsia’s$300 million Eurobonds placed at 7.875%.
At the end of 2020, Ukrzaliznytsia saw Hr 11.9 billion in a net loss versus Hr 2.99 billion in net profit in 2019, and its revenue decreased 16.7% to Hr 75.3 billion.
The Ukrzaliznytsia’s Eurobonds became the 55th foreign security admitted to circulation on the Ukrainian market.
