February 09, 2016 | Cbonds
|Dmitry Churin, Head of Research, Eavex Capital:|
Ukraine’s sovereign Eurobonds suffered their worst 1-day beating since their November re-issue on Monday, with Ukraine-19s slumping by 2.5p.p. to 89.5/90.5 (11.4%/11.0%) amid negative risk sentiments in Europe as well as Ukraine-specific concerns over political stability. Long-term Ukraine-27s were also down by 3.3% to 83.5/84.5 (10.2%/10.0%). Corporate debt papers were less active. Avangard-18s edged up by 0.6p.p. to 43.6/47.4 (47.6%/43.6%) while Metinvest-17s dropped by 0.4p.p. to 40.0/43.9 (72.7%/65.3%).
|Status||Default||Country of risk||Maturity (option)||Amount||Issue ratings (M/S&P/F)|
|Full company name||Metinvest B.V.|
|Country of risk||Ukraine|
|Country of registration||Netherlands|