Ukraine’s Eurobonds Gain to Strongest in 6 Months Amid IMF Talks - Bloomberg

Ukraine’s Eurobonds Gain to Strongest in 6 Months Amid IMF Talks - Bloomberg:



"Ukraine’s benchmark Eurobonds rose, sending the yield to a six-month low, as the government worked on a second bailout tranche from the International Monetary Fund and pursued rebels in the east of the country.



The yield on the dollar note maturing in April 2023 fell five basis points to 8.35 percent, the lowest since Jan. 17. The yield has fallen 3 percentage points since mid-February, when months of protests culminated in the ouster of former president Viktor Yanukovych and unleashed a confrontation with Russia.



The IMF will extend its mission to Kiev until the weekend, the Finance Ministry announced, a day after Prime Minister Arseniy Yatsenyuk said Ukraine met the Washington-based lender’s terms for the second part of a $17 billion rescue. IMF officials may be assessing how much the conflict will cut economic output and increase debt this year, said Tatiana Orlova, a London-based economist at Royal Bank of Scotland Group Plc."



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