Ukrainian Railways Bonds Fall After Call to Delay Payments
- Dollar note due in 2026 fell by the most since June 2023
- Bondholders are set to vote on payment delays on Dec. 27
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Dollar bonds issued by Ukraine’s state-run railway company Ukrzaliznytsia fell on Tuesday after the company asked bondholders to delay some interest payments.
The 2026 note tumbled as much as 6 cents to 82 cents on the dollar on Tuesday, according to data compiled by Bloomberg, the biggest one-day slide since June 2023, before trimming some of the losses. The security due 2028 also dropped by 0.46 cents to 77.4 cents.