Significant Borrowing Rate Hikes Among Liquid Assets
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 25 2025
0mins
Should l Buy KYIV?
Borrow Rate Increases: The latest data indicates significant increases in indicative borrow rates among various liquid option names.
Top Performers: Kyivstar Group Ltd. leads with a 66.75% increase, followed by American Resources Corp at 8.50%, and TORM plc at 13.04%.
Other Notable Increases: Additional companies showing notable increases include ISHARES BITCOIN TRUST ETF (1.31%), Prospect Capital (3.53%), and Ocean Power (4.00%).
Minor Increases: Companies like BlackSky Technology (1.01%) and Rocket Companies (8.27%) also reported smaller but positive changes in their borrow rates.
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Analyst Views on KYIV
Wall Street analysts forecast KYIV stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for KYIV is 17.75 USD with a low forecast of 17.00 USD and a high forecast of 20.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
4 Buy
0 Hold
0 Sell
Strong Buy
Current: 11.830
Low
17.00
Averages
17.75
High
20.00
Current: 11.830
Low
17.00
Averages
17.75
High
20.00
About KYIV
Kyivstar Group Ltd is a United Arab Emirates based telecommunications Company. The Company and its subsidiaries provide services across mobile and fixed line technologies, including 4G, big data, cloud solutions, cybersecurity, and digital TV. Cohen Circle Acquisition Corp I is a subsidiary of the Company, and its parent is VEON Amsterdam BV.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Oversubscription Details: The offering was oversubscribed by five times, indicating robust confidence from international investors in Kyivstar's growth potential, thereby expanding its investor base significantly.
- VEON Ownership Adjustment: Following the offering, VEON's ownership in Kyivstar decreased to 83.6%, resulting in net proceeds of $139.8 million for VEON, which plans to utilize these funds for general corporate purposes, enhancing its financial flexibility.
- Future Investment Commitment: Kyivstar and VEON aim to invest $1 billion in Ukraine from 2023 to 2027, focusing on infrastructure and technological development to drive local economic recovery, demonstrating a long-term commitment to the Ukrainian market.
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- Offering Size: Kyivstar Group successfully closed a secondary offering of 14.375 million shares at a price of $10.50 per share, demonstrating strong investor demand for innovative Ukrainian companies, with the offering being oversubscribed by five times, reflecting market confidence in the company.
- Shareholder Structure Change: Following the offering, VEON's ownership in Kyivstar decreased to 83.6%, which not only optimizes the shareholder structure but also provides flexibility for future capital operations, potentially attracting more investor interest.
- Underwriter Performance: Morgan Stanley, Barclays, Cantor, and Rothschild acted as joint underwriters, successfully facilitating the offering, showcasing their strong influence and expertise in the capital markets.
- Future Investment Plans: Kyivstar and VEON plan to invest $1 billion in Ukraine from 2023 to 2027, focusing on infrastructure, technological development, and strategic acquisitions, indicating the company's long-term commitment and growth potential in the Ukrainian market.
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- Underwriter Option: The underwriters have a 30-day option to purchase an additional 1.875 million shares, enhancing market liquidity and providing flexibility for future financing opportunities.
- Closing Timeline: The offering is expected to close on February 2, 2026, marking a significant step for Kyivstar in the capital markets that could provide essential funding for future growth initiatives.
- Investment Opportunities: Kyivstar's 90% gross profit margin in the Ukrainian telecom sector and its investment in a Ukrainian solar power company indicate a strategic focus on sustainable and high-margin business areas, strengthening its competitive position in the market.
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- Public Offering Pricing: Kyivstar Group announced a public offering of 12.5 million common shares at a price of $10.50 per share, indicating stable market demand and expected capital inflow to support future growth.
- Underwriter Option: Selling shareholders granted underwriters a 30-day option to purchase an additional 1.875 million shares, enhancing liquidity and potentially boosting investor confidence in Kyivstar's stock.
- Underwriter Lineup: Morgan Stanley, Barclays, Cantor, and Rothschild are acting as joint book-running managers, reflecting strong market recognition and enhancing Kyivstar's credibility in the capital markets.
- Future Investment Plans: Kyivstar and VEON plan to invest $1 billion in Ukraine from 2023 to 2027, aiming to drive long-term growth through infrastructure and technological development, demonstrating commitment to the Ukrainian market.
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- Public Offering Pricing: Kyivstar Group has announced a public offering of 12.1 million common shares at a price of $10.50 per share, expected to close on February 2, 2026, which will provide funding support for future growth initiatives.
- Underwriter Option: Selling shareholders have granted underwriters a 30-day option to purchase an additional 1.875 million common shares at the public offering price, potentially enhancing market confidence in the offering.
- Strategic Investment Plan: VEON and Kyivstar intend to invest $1 billion in Ukraine from 2023 to 2027, aiming to drive local economic growth through infrastructure and technological development, demonstrating a long-term commitment to the Ukrainian market.
- Market Impact: The successful execution of this public offering will bolster Kyivstar's market position and provide VEON with the necessary capital to expand its digital services, further solidifying its competitiveness among global digital operators.
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