New Issue: Ukraine prices $1.5 billion notes due 2021 at par to yield 7.95%

By Christine Van Dusen

Atlanta, Feb. 17 - Ukraine sold $1.5 billion senior notes due Feb. 23, 2021 (B2/B+/B) at par to yield 7.95%, or Treasuries plus 362.5 basis points, a market source said.

The deal priced in line with talk, which was set at the 8% area.

JPMorgan, Morgan Stanley and VTB Capital were the bookrunners for the Rule 144A and Regulation S deal.

Issuer:	Ukraine
Amount:	$1.5 billion
Maturity:	Feb. 23, 2021
Description:	Senior notes
Bookrunners:	JPMorgan, Morgan Stanley, VTB Capital
Coupon:	7.95%
Price:	Par
Yield:	7.95%
Spread:	Treasuries plus 362.5 bps
Trade date:	Feb. 17
Settlement date:	Feb. 23
Ratings:	Moody's: B2
	Standard & Poor's: B+
	Fitch: B
Distribution:	Rule 144A and Regulation S
Price talk:	8% area

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