Fixed Income
September 07, 2015
Quotes for Ukrainian sovereigns continued to rise last week on top of the immediate surge that occurred in late August following the announcement of a restructuring deal with private creditors. Although the restructuring of the outstanding Eurobonds still needs to be properly approved by bondholders and Ukraine’s Parliament, market players now expect a positive outcome. Among other developments impacting investor sentiments, military activity along the Donbass ceasefire line appears to be dying down after months of low-level ceasefire violations; both sides said last week that they are ready to establish peace in the eastern region.
