Fixed Income

March 09, 2016

Ukraine’s sovereign Eurobonds rebounded notably last week after a sharp sell-off seen in the second half of February on political stability concerns. Quotes for Ukraine’s 10-year benchmark bonds rose by a solid 8.0% to close at 87.8/88.8 (10.1%/9.9%). Investors were somewhat pleased by the first coupon payment for the new sovereigns, which totaled nearly USD 500mn, after their restructuring/reissue last autumn