A raft of tough headlines yesterday (40% haircut and possible debt moratorium next week) put pressure on the market, pushing it about 2pt lower. Solid demand remained, however, with a move below 48 in the 17Ns getting quickly rejected and bonds trading on the offer into the close. Some issues (21-23s) stayed much squeezed and the low accrued 6.58% 16s, 6.75% 17s and 22s were in demand

June 12, 2015 - Cbonds

Fyodor Bagnenko, Fixed Income Trader, Dragon Capital:

A raft of tough headlines yesterday (40% haircut and possible debt moratorium next week) put pressure on the market, pushing it about 2pt lower. Solid demand remained, however, with a move below 48 in the 17Ns getting quickly rejected and bonds trading on the offer into the close. Some issues (21-23s) stayed much squeezed and the low accrued 6.58% 16s, 6.75% 17s and 22s were in demand.

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Issuer, issue number	Ukraine, 2022
Type of debt instrument	International bonds
Issue status	outstanding
Par, currency of issue	USD 200,000
Amount	2,250,000,000
ISIN	XS0858358236
Start of placement	11/19/2012
End of placement	02/04/2013
Initial issue price	100
Yield at pricing	7.8
Coupon	7.80%
Coupon frequency	2 time(s) per year
Settlement date	11/28/2012
Maturity date	11/28/2022
Issue Managers	Bookrunner: JP Morgan, Morgan Stanley, VTB Capital, Sberbank CIB Legal adviser to the issuer: Lavrynovych & Partners, White & Case Legal adviser to the arrangers: Clifford Chance, SAYENKO KHARENKO
Trading floor	Irish S.E., Berlin Exchange See more: http://em.cbonds.com/news/item/779087