Ukraine completes the issuance of its new Eurobonds

6/20/19

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.

On June 20 Ukraine completed the settlement of its new EUR 1,000,000,000 6.75% notes due 2026. The new Eurobonds have been admitted to the official list of Euronext Dublin and to trading on its regulated market.

The investor base for the new issuance is as follows: asset managers, pension and insurance funds accounting for 85%, hedge funds accounting for 10%, sovereign wealth funds accounting for 3% and banks with retail investors accounting for 2%.

Investors from the United Kingdom, United States, Germany, and other countries in the European Union have assumed the majority of allocations in the new Eurobonds’ primary placement with 32%, 27%, 17% and 13% respectively. Investors from Switzerland (7%) and Asia (4%) also assumed shares of the allocations.

The proceeds were transferred to the account of the State Treasury of Ukraine and will be used for general budgetary purposes.

The securities referred to herein may not be sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. Ukraine does not intend to register any of the securities in the United States or to conduct a public offering of the securities in the United States.

This communication does not constitute an offer of the Securities to the public in the United Kingdom. No prospectus has been or will be approved in the United Kingdom in respect of the Securities. This communication is being distributed to and is directed only at (i) persons who are outside the United Kingdom or (ii) persons who are investment professionals within the meaning of Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) and (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”). Any investment activity to which this communication relates will only be available to and will only be engaged with, Relevant Persons. Any person who is not a Relevant Person should not act or rely on this document or any of its contents.

This announcement 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. It is not intended to be and must not be publicly distributed in or into Ukraine.

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