18 Марта 2019

Ukrainian sovereign Eurobonds moved higher last week despite uncertainty over the upcoming Mar 31 presidential election, after the Finance Ministry managed to place a new Eurobond issue and the US-Ukraine Business Council conducted a roundtable discussion in Washington promoting investments in Ukraine. The message was that the country is becoming a place of interest to many potential investors who had previously shunned it as too risky to get involved in. Among other events which attracted positive attention to Ukraine was an announcement that the international central securities depository Clearstream signed the correspondent relations agreement with the Depository of the National Bank of Ukraine. It was a historical move which will simplify the access of foreign investors to the Ukrainian securities market. Settlement of UAH-denominated domestic government securities through the ICSD’s system will reduce the transaction and time costs for investors and bring these transactions in line with international standards.