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Ukraine Announces Pricing of New 10 year EUR-denominated Eurobonds

THIS ANNOUNCEMENT IS NOT BEING MADE IN AND COPIES OF IT MAY NOT BE DISTRIBUTED OR SENT INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN.

Ukraine announces the pricing of the new benchmark Eurobondin EUR in a principal amount of €1,250,000,000 with a final maturity of 27 January 2030. The newly issued notes will bear interest at the rate of 4.375% per annum. The new issue is expected to be rated B by Standard & Poor’s and B by Fitch. Settlement of the new issue is expected to take place on the 27th of January 2020.

The total indications of interest for the new issue peaked in excess of EUR 7 billion from more than 350 investors globally.

The proceeds of the new offering will be used for general budgetary purposes.

The Minister of Finance of Ukraine, Oksana Markarova, commented: “The EU-Ukraine Association agreement gave a boost to our country’s integration with the EU. The EU has already become Ukraine’s largest trading partner, and today’s EUR issuance supports EUR inflows in the country. As promised in June last year, our presence on the EUR market is strategic. Today we are happy to announce the pricing of a benchmark 10 year EUR-denominated bond at a record low coupon of 4.375%, attracting demand from over 350 investors worldwide and putting a second dot on our euro curve.”

BNP Paribas, J.P. Morgan and Raiffeisen Bank International acted as Joint Lead Managers and Joint Bookrunners on the transaction.

The information contained in this press release is for information purposes only and does not purport to be full or complete. No reliance may be placed for any purpose on the information contained in this press release or its accuracy or completeness. This press release does not contain or constitute an offer of, or the solicitation of an offer to buy securities to any person in the United States or in any jurisdiction to whom or in which such offer or solicitation is unlawful, and persons into whose possession this press release comes should inform themselves about, and observe, any such restrictions. The securities referred to herein may not be offered or sold in the United States absent registration under the US Securities Act of 1933, as amended (the "Securities Act"), or another exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.

Subject to certain exceptions, the securities referred to herein may not be offered or sold in Australia, Canada or Japan or to, or for the account or benefit of, any national, resident or citizen of Australia, Canada or Japan. The offer and sale of the securities referred to herein has not been and will not be registered under the Securities Act or under the applicable securities laws of Australia, Canada or Japan. There will be no public offer of the securities in the United States.

This press release is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as relevant persons). The securities are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this press release or any of its contents.

This press release is not an advertisement of securities in Ukraine and is not an offer or invitation to, or solicitation of, any such circulation, distribution, placement, sale, purchase or other transfer of the securities in the territory of Ukraine.