EAVEX Weekly

September 09, 2015

Locally listed Ukrainian stocks ended mixed on Tuesday (Sept 8) after Russia threatened to challenge the legality of Ukraine’s IMF bailout loan if Kyiv refuses to redeem a USD 3bn bond due in December. A creditor group that owns half of Ukraine’s sovereign bonds agreed last month to accept a 20% principal writedown and four-year maturity extensions. Other bondholders not party to the deal, including Russia, are set vote on the agreement later this month.