KIEV, Sept 10 (Reuters) - State-owned Ukrainian Railways has borrowed almost $100 million by placing an additional issue of its five-year Eurobonds, Ukraine’s infrastructure minister said late on Tuesday.
The company sold its initial $500 million with a yield of 8.25% in July while investors’ demand was about $2.5 billion.
“Today Ukrzaliznytsia (Ukrainian Railways) has placed almost $100 million of Eurobonds with a final maturity in 2024,” Vladyslav Kryklii posted on Facebook.
He said the company, which controls the railroad network in Ukraine, would use the proceeds for upgrading the Trans-European Transport System rail corridor. (Reporting by Natalia Zinets Editing by Sonya Hepinstall)