Svitlana Rusakova, Head of Proprietary Department, Dragon Capital (Cyprus) Limited:
The sovereign curve closed unchanged, with the 27s trading at 92 in the afternoon, so still remaining fairly sluggish. Quasi-sovereigns remained generally firm. Corporates showed divergent moves, with MHPSA, Kernel and Ferrexpo stronger (perhaps all due to MHP's tender offer to buy back its bonds at 102.75), DTEK slightly better bid as well, and METINV off 0.5pt as iron ore moves weighed on sentiment.
Donbass Fuel-Energy Company (DTEK) is a vertical integration of enterprises that build up an efficient production chain, from coal production to electric power generation and distribution. Mutually b...