KIEV, Dec. 11 - State enterprise Financing of Infrastructure Projects (Fininpro) has placed eurobonds worth $550 million at 9% per annum under state guarantees.

According to the prospectus of the eurobond issue, they were issued on December 7 2012, for five years with semi-annual coupon payments.

The lead manager is Morgan Stanley investment bank.

The prospectus says that net earnings from the placement of the eurobonds will be $547.745 million, which will be spent on the completion of a program for preparations for the Euro 2012 European Football Championship.