Fixed Income
October 19, 2015
Quotes for Ukrainian sovereign Eurobonds remained unchanged in subdued activity for the second week in a row, as the process of an exchange of the 13 outstanding bonds for 9 new issues will be completed only in mid-November. Information that holders all existing sovereign bonds, except the Russian government, approved the restructuring deal was the main news regarding Ukraine’s debt last week. A legal and public relations battle is now looming over a USD 3bn bond owed by Kyiv to Moscow after the latter refused to join the debt restructuring, and both sides have said they are prepared to take the matter to court.
