Ukrainian foreign currency bonds rose after the US House of Representatives approved a financial aid package worth $61 billion over the weekend. This was reported by Bloomberg.
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Bonds due in 2026, which last year fell to their lowest level in a month, rising by 0.9 cents to more than 33 cents in early trading in London, demonstrating the best performance among dollar bonds of developing countries.
“The adoption of the relief package was a big relief for investors who are increasingly concerned that Russia could once again seize the initiative on the battlefield,” said Neuberger Berman Asset Management portfolio manager Kaan Nazli.
Payments on the country’s $20 billion of outstanding international bonds have been suspended for two years ago after the Russian invasion.