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Truce Bets Have Traders Pouncing on Some Ukrainian Debt

  • Trium Capital, Legal & General have bought Ukrainian bonds
  • GAM Holdings avoiding Ukraine; bought Kazakh, Azeri bonds
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Ukraine Raises $277 Million From War Bonds Sale

Investors bold enough to bet on a peace deal in Ukraine are already venturing selectively into one of the worst-performing corners of developing markets. 

Bargains have opened up as the bonds of Ukraine and other former Soviet states felt the brunt of the selloff in emerging markets after Russia’s invasion last month. Legal & General Group Plc and Trium Capital are among those to have purchased Ukrainian sovereign debt.