Fixed Income
June 21, 2016
Ukrainian sovereigns were moderately higher last week, reacting positively to statements from the IMF and the World Bank that the latter are ready to allocate additional funding to the country in the near future. Finance Minister Oleksandr Danyliuk met with representatives of the IMF on Jun 15 to discuss issues that need to be addressed before the disbursement of the country’s next loan tranche. Notably, the size of the tranche has reportedly been reduced to USD 1.0bn from USD 1.7bn previously expected.
