Sovereign Analysis /
Ukraine

Ukraine edges closer to default but still not clear what recovery looks like

  • Ukraine took a step closer to sovereign bond default after Naftogaz's consent solicitation to defer bond payments

  • The decision casts doubt on the government's willingness and ability to pay ahead of a principal payment on 1 September

  • The news comes amid reports the government is considering restructuring options, but there are still many uncertainties

Ukraine edges closer to default but still not clear what recovery looks like
Stuart Culverhouse
Stuart Culverhouse

Chief Economist & Head of Fixed Income Research

Tellimer Research
15 July 2022
Published byTellimer Research

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