Ukraine Bonds Sink as Jaresko Comment Sparks Restructuring Bets
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Ukraine’s bonds tumbled after Finance Minister Natalie Jaresko said the government intends to hold talks with creditors once it reaches an agreement with the International Monetary Fund for further assistance.
Ukraine’s benchmark notes maturing July 2017 slumped 3.9 cents to a record low 52.95 cents on the dollar at 7:18 p.m. in Kiev. The bonds fell earlier as President Petro Poroshenko said there is “grave danger” the pro-Russian insurgency in the country’s east may intensify, and that the nation needs more financial help to stay afloat.