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Headline: Ukraine exchanges its bonds Source: Euromoney Date: April 2000 Author: Michael Peterson Issuer: Ukraine Amount: e2.6 billion Type of issue: Exchange offer Launched: February 4 2000 Lead manager: ING Barings Here’s the challenge. Find the thousands of individual investors who bought the Republic of Ukraine’s retail-targeted bonds, tell them Ukraine can’t keep up the payments and persuade at least 85% of them to accept a new, less onerous, bond instead. That was the task facing lead manager ING Barings – with syndicate members Credit Suisse First Boston, Commerzbank and Salomon Smith Barney – when the east European sovereign launched an exchange offer for all its outstanding international issues. |
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