In 2021, with the involvement of the team from the State Agency of Motor Roads of Ukraine (Ukravtodor), Eurobonds were placed for the first time on the London Stock Exchange under state guarantees. As a result of this transaction, $700 million was raised at an interest rate of 6.25% for a term of seven years to modernize road infrastructure. This bond series achieved a historically low rate compared to Ukraine’s previous sovereign placements in US dollars. During the placement, Ukravtodor received bids totaling nearly $2.4 billion, more than triple the planned issuance volume. This demonstrated strong interest from the global financial market and confirmed confidence in Ukraine as a state and in its major infrastructure projects.
