Ukrainian eurobonds grew record.
Investors have seen improvement in deferred debt.
Prices of Ukrainian eurobonds rose in June to the highest since mid-February, after JPMorgan Chase & Co. said that the likelihood of write-off of part of the principal is reduced. According to Bloomberg, investors felt that the talks in Kiev with creditors on debt restructuring is gaining momentum.
Price Ukrainian debt by $ 2.6 billion, maturing in July 2017 climbed to the highest since January 23 to 2.18 cents – up to 49.10 cents per dollar face value. Bills maturing in 2023 rose 1.28 cents – up to 52.86 cents per $ 1 face value.
Last week, Ukraine’s bonds rose on reports that private creditors committee in Ukraine which unites the bondholders for $ 8.9 billion, proposed prolongation of Eurobonds for up to 10 years and reducing the interest payments of about $ 500 million for the implementation of the country program goals International Monetary Fund.
