Ukraine Bonds Slide Most on Record on Troop Withdrawal Concern
How Fragile Is the Ukrainian Economy?
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Ukrainian Eurobonds fell the most on record and the hryvnia weakened as investors speculated the withdrawal of government troops from a transport hub will embolden separatists to push for more territory.
The $2.6 billion 9.25 percent bond due July 2017 tumbled 11 percent and Ukraine’s currency lost as much as 3.3 percent. President Petro Poroshenko said Ukraine evacuated 80 percent of its forces from Debaltseve, a key town on the road that connects rebel-held Donetsk and Luhansk, where fighting brought a four-day-old cease-fire to the brink of collapse. Clashes were also reported near the port city of Mariupol.