12 Jul 2022 15:11

Ukrzaliznytsia pays $36 mln on Eurobonds

MOSCOW. July 12 (Interfax) - Ukrainian railway operator Ukrzaliznytsia paid a coupon totaling $36.35 million on two issues of Eurobonds on time and in full on Monday.

"We have today paid the second and last coupon payment on Eurobonds this year, $36 million," Ukrainian media quoted Oleksandr Kamyshin, the chairman of the management board, as saying on Telegram.

Ukrzaliznytsia has placed two issues of Eurobonds for a total of $894.9 million through Rail Capital Markets plc. The first issue for $594.9 million matures in July 2024 (ISIN XS1843433472), and the second for $300 million, in July 2026 (ISIN XS2365120885).

Coupon payments are made semi-annually in July and January at fixed rates of 8.25% per annum for the $594.9 million issue and 7.88% per annum for the $300 million issue. Payments for January 2022 totaling $36.35 million were made on time.

Earlier in June, Fitch Ratings assessed Ukrzaliznytsia's liquidity as sufficient to repay upcoming coupon payments.