Ukraine Bonds With Delayed Payback Gain Most on Trump Bets

  • Bets on truce talks lifted Ukraine bonds after Trump’s victory
  • Note paying no coupon for years is among top investor picks
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A Ukrainian sovereign bond that pays investors more if the nation’s economic growth beats expectations has become a favorite pick among investors even though it offers zero cashflow until 2027.

A wide array of Ukrainian securities has led emerging-market rankings since Donald Trump won the race for the White House last month. The gains have been fueled by bets that a ceasefire in the war against Russia’s invasion may move closer after he takes over the US presidency.