May 19, 2016 | Cbonds
|Fyodor Bagnenko, Fixed Income Trader, Dragon Capital:|
After a slow move lower over the last several sessions, bids were hit in the sovereign yesterday, closing 0.75-1pt down. Momentum remained in the corporates, as DTEK approached the 50 level while METINV was also very strong. The IMF statement on a staff level agreement with Ukraine (see below) came out after the close. It is a positive and important milestone, yet it remains to be seen what prior actions are required before the IMF Board can consider the next loan tranche.
|Full company name||Metinvest B.V.|
|Country of risk||Ukraine|
|Country of registration||Netherlands|