In November 2021, NPC “Ukrenergo” has raised USD 825 mln funding by issuing Green and Sustainability-Linked Bonds on London stock Exchange with 5-years maturity.
As part of the issuance, the order book was oversubscribed almost three times, indicating strong interest from international investors to NPC “Ukrenergo’s” inaugural Eurobond. Tickets for financing received from over 100 international investors. Pricing has resulted in YTM fixed at 6.875% p.a.
Ukrenergo’s Eurobond is the largest debut international bond offering ever done by a Ukrainian non-sovereign issuer as well as the largest green Eurobond so far out of Ukraine and the CIS region.
Eurobond issuance details
|Issuer||PJSC “NPC “Ukrenergo”|
|Structure||Green and Sustainability-linked bonds|
|Principal amount||USD 825 000 000|
|Date of closing||9 November 2021|
|Listing||London Stock Exchange|
|Financial advisor||Rothschild & Cie та FinPoint|
|Lead Managers||BNP Paribas, Deutsche Bank і Goldman Sachs International|
|Co Manager||JSC «Ukreximbank»|
|Legal advisors||White&Case, Avellum|
Fitch ratings: B
|Second-party opinion||Sustainalytics B.V.|