Ukraine Bonds Gain Most on Record as EU Pledges More Aid
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Ukraine’s foreign-currency bonds jumped the most on record after the European Union proposed further financial aid, tempering concern the country may fail to repay its debts.
The nation’s dollar-denominated bond maturing July 2017 rose 7.1 cents to 65.51 cents on the dollar by 4:06 p.m. in Kiev, the biggest daily gain since the note was sold in July 2012. The note fell to 57.56 cents on Jan. 6 amid speculation a deepening recession, armed conflict and a mounting debt burden will trigger a default.