Research Reports

  • 03.30.15 Fixed Income

    Ukrainian sovereign Eurobonds finished mixed last week amid a heavy news flow about the ouster of powerful tycoon Igor Kolomoisky from the post of Dni...> read more

  • 03.23.15 Fixed Income

    Ukrainian sovereign Eurobonds fell sharply last week, giving back most of their gains from the IMF-related rebound of the preceding week, as a lack of...> read more

  • 03.17.15 Macroeconomics

    Ukraine is set to enter a painful period of economic “shock therapy”, with austerity measures and an overhaul of its system of state governance. We vi...> read more

  • 03.16.15 Fixed Income

    Ukrainian sovereign Eurobonds had their best week so far in 2015, rising significantly thanks to the IMF board’s decision to approve a new USD 17.5bn ...> read more

  • 03.10.15 Fixed Income

    Ukraine’s sovereign Eurobond issues were essentially unchanged last week, with bondholders simply unwilling to sell at distressed levels close to 45 c...> read more

  • 03.03.15 Agriculture

    A hedging-based approach to doing business and U-­turn in its farming segment enabled Kernel to report record-high EBITDA in 2Q15 (Oct-­Dec’14) despit...> read more

  • 03.02.15 Fixed Income

    Ukraine’s long-term benchmark sovereign bond issue was hit by more selling last week, as investors showed no interest in the paper amid uncertainty ab...> read more

  • 02.24.15 Metals and Mining

    Last month, the gloomy medium­term iron ore market outlook pushed Ferrexpo to propose a restructuring of its USD 500mn bonds with maturity in April’16...> read more

  • 02.23.15 Fixed Income

    It was a dramatic week for the Ukrainian Eurobond universe, with quotes for benchmark sovereign issues plunging to new historical lows as nervous inve...> read more

  • 02.16.15 Fixed Income

    The Ukrainian Eurobond universe showed only a moderately positive reaction to the new IMF loan program of USD 17.5bn for Kyiv announced last week, as ...> read more