Ukraine Bonds Have 4-Cent Rally in Store If Jaresko Gets Top Job
- Investors are optimistic Jaresko can stamp out corruption
- Media reports say Jaresko is in talks to become prime minister
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Ukrainian Finance Minister Natalie Jaresko may prove to be the savior of the nation’s bond market for a second year if speculation she’s on the verge of becoming prime minister turns out to be true.
The eastern European country’s debt will rally as much as four cents on the dollar if Jaresko, 50, takes over as prime minister, according to Mint Partners Ltd. and Landesbank Berlin Investment GmbH. The Chicago-born former investment banker became the darling of investors when she negotiated a $20 billion debt deal six months ago that spurred the biggest bond rally worldwide.