Ukraine Bond Rally Seen Tied to Fresh Aid Amid Default Concerns - Bloomberg:
"With Ukraine’s new leaders saying the economy is in peril and a debt default possible, bond investors are looking for clues that fresh aid is on its way.
The nation’s benchmark dollar debt due in April 2023 posted its biggest rally in two months on Feb. 21, before lawmakers ousted Viktor Yanukovych as president and handed his powers to new parliamentary speaker, Oleksandr Turchynov.
While the removal of Yanukovych raises the prospect of an end to clashes that killed dozens last week and plunged the $176 billion economy into turmoil, it raises the question of how Ukraine will shore up its currency and repay debt. The U.S., Europe and U.K. have said they’re prepared to offer aid. Russian Finance Minister Anton Siluanov said last week the situation in the former Soviet republic must stabilize before it gets more of the $15 billion promised in December."
'via Blog this'
No comments:
Post a Comment