Fixed Income

May 06, 2019
 

Ukrainian sovereign Eurobonds saw only light activity last week, with the 2024 issue edging down by 0.4% to 94.5/95.5 (9.3%/9.0%) and the longest outstanding bond, Ukraine-32s, inching up by 0.2% to close at 88.5/89.3 (9.0%/8.9%). Among the most-discussed topics about Ukraine was a statement from Russian President Putin that Ukraine’s future natural gas supply fully depends on maintaining the transit of Russian gas to West/Central Europe. The CEO of Ukraine’s state energy giant Naftogaz Andriy Kobolev responded that Putin’s statement is “the start of negotiations”.