Tuesday 20 August 2013

Cbonds.Info - Comment: Ukrainian eurobond market as of 19 August

Cbonds.Info - Comment: Ukrainian eurobond market as of 19 August:

"Svitlana Rusakova, International Fixed Income Sales, Dragon Capital

With the EM space coming under pressure yesterday, Ukraine was no exception, with 20-23s down about a point. There is conspicuously little liquidity, which has been helping prices to stay calm, but this may change quickly if sellers come out in size. Corporates felt better yesterday and while OSCHAD 18s continued to sink (last offered below 88), EXIMUK 18s remained in demand, as well as Ferrexpo 16s and Mriya 18s. Small sellers in DTEK 18s helped the bond to return to more reasonable valuations."

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