Fixed Income
December 16, 2013
Ukrainian sovereign Eurobonds rebounded somewhat following three weeks of sharp decline triggered by political turmoil in the country, with tensions easing slightly after President Yanukovych pulled back from a move to use riot police to clear pro-European demonstrators from Independence Square on Wednesday morning (Dec 11). Ukraine-23s rose by 1.2% to close at to 83.7/85.4 (10.3%/9.9%) and medium-term Ukraine-17s increased by 1.1%, ending at 85.7/87.7 (11.4%/10.7%). Corporate issues were mixed. UkrLandFarming-18s slumped by 1.9% to close at 86.8/88.1 (15.2%/14.7%), but DTEK-18s rose by 2.1% to 86.7/88.6 (11.9%/11.3%) and Ferrexpo-16s climbed 0.5% to 92.5/93.0 (11.6%/11.5%).
