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

https://cdn.tellimer.com/providers/tellimer-avatarpng.png
Subscribe to read this report

You can read this report by subscribing to a Starter or Pro plan today.

Already have an account? Log in

Disclosures

This report is independent investment research as contemplated by COBS 12.2 of the FCA Handbook and is a research recommendation under COBS 12.4 of the FCA Handbook. Where it is not technically a research recommendation because the subject of the research is not listed on any European exchange, it has nevertheless been treated as a research recommendation to ensure consistent treatment of all Tellimer's research. This report has been produced by the analyst(s) named above (the "Analyst").

The Analyst certifies that the views and forecasts expressed in this report accurately reflect their personal views about the subject, securities, or issuers specified herein. In addition, the Analyst certifies that no part of their compensation was, is, or will be directly or indirectly related to the specific recommendations or views expressed in this report.

Research ratings explanation and full Tellimer disclaimers