Ukraine Bonds Surge on Report Debt Deal Will Be Signed Thursday
- Ukraine Finance Ministry says there is no debt deal yet
- Deal would end five months of talks with Franklin Templeton
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Ukraine’s Eurobonds jumped the most in almost two months after a local magazine reported that a deal to restructure $19 billion of debt would be signed with creditors on Thursday.
The nation’s $2.6 billion of notes maturing in July 2017 gained 2.16 cents to 55.54 cents on the dollar at 7 p.m. in Kiev, headed for the biggest daily gain since July 2. Ukraine’s Novoye Vremya magazine reported Wednesday that a debt deal will be signed tomorrow, citing an unnamed source in Ukraine’s Finance Ministry. "There is no deal yet," Finance Ministry spokeswoman Daria Marchak said by phone from Kiev. A spokesman for the creditor committee declined to comment.