Ukraine Bonds Decline as Investors Weigh Aid Outlook After Vote - Businessweek

Ukraine Bonds Decline as Investors Weigh Aid Outlook After Vote - Businessweek:



"Ukraine’s Eurobonds maturing in June fell for the first time in three days as investors sought clarity on the progress of International Monetary Fund aid after a referendum moved the Crimea region closer to secession.



The government’s dollar notes declined to 91.86 cents on the dollar from 92.16 on March 14, sending the yield up 2.24 percentage points to 50.5 percent by 3:30 p.m. in Kiev. The hryvnia slid 0.5 percent to 9.75 per dollar, set for the weakest close this month, according to data compiled by Bloomberg.



Crimean lawmakers set in motion measures for the Black Sea peninsula to join Russia after the referendum provided the expected overwhelming majority in favor of the move. Investors were looking for signs of increased tension in eastern Ukraine and further Russian incursions, which would hamper bailout talks with the IMF, said Viktor Szabo, who helps oversee $10 billion in emerging-market debt at Aberdeen Asset Management in London."



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