Ukraine 19% Yields Narrow Options in Clashes: East Europe Credit

As Ukraine is besieged by the worst protests in almost a decade, President Viktor Yanukovych is running out of options to repay $15.3 billion of maturing debt.

Yields on Ukraine’s dollar-denominated notes due in June jumped above 19 percent for the first time yesterday after they were issued at 7.95 percent last year. They recovered ground today, with the yield falling four basis points to 19.78 percent at 4:08 p.m. in Kiev after earlier rising above 20 percent.