Ukraine Bonds Extend Losses as Impact of US Aid Plan Fizzles
- Dollar notes fall to 2-month low as debt restructuring looms
- US House approves $61 billion aid as Russia steps up attacks
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Ukraine’s hard-currency bonds extended losses after a brief spike triggered by the approval of a $61 billion aid package by the US House of Representatives. Positive sentiment eroded as bondholders face tough talks with the war-turn nation about another debt restructuring.
The country’s debt posted the best performance among emerging-markets dollar bonds when trading resumed on Monday, before turning sharply lower. A bond due September 2034 traded at 25.9 cents on the dollar as of 2:44 p.m. in London, a sixth consecutive day of losses and the lowest level since February.