Ukrainian Bonds Gain Most Since Russia Bailout as Azarov Resigns
This article is for subscribers only.
Ukrainian government bonds gained the most in more than a month as Prime Minister Mykola Azarov resigned today to help end more than two months of street protests that turned deadly last week.
Yields on the dollar-denominated notes maturing in June fell 2.27 percentage points to 10.45 percent at 7:29 p.m. in Kiev, while the rate on the sovereign’s 2023 debt slid 61 basis points to 9.03 percent, data compiled by Bloomberg shows. Both yields are down the most on a closing basis since Dec. 17, the day Ukraine won a $15 billion bailout pledge from Russia that helped ease concern the eastern European nation will default.