Ukraine 2014 Bonds Gain Most in Two Weeks on Russia Aid Pledge - Bloomberg

Ukraine 2014 Bonds Gain Most in Two Weeks on Russia Aid Pledge - Bloomberg:



"Ukraine’s bonds due in June gained the most in two weeks as Russia pledged to resume a $15 billion bailout program that was halted amid political turmoil in Kiev.



The yield on the dollar notes fell 1.04 percentage points to 21.12 percent by 5:15 p.m. in Kiev. That’s the largest drop on a closing basis since Feb. 2. The rate is down from a record 22.99 percent on Feb. 14. The cost of insuring Ukrainian debt against non-payment for five years using credit-default swaps slid 21 basis points today to 1,175, CMA data show.



Russia’s government said yesterday it will purchase another $2 billion this week, after putting bond buying on hold last month until a new government was appointed following the resignation of Mykola Azarov as prime minister. President Viktor Yanukovych will submit his candidate for premier this week, parliamentary Speaker Volodymyr Rybak said yesterday."



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