Apr
03
Tipoff From JPMorgan Sends Traders Hunting for Obscure Ukraine Debt
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Analysts say securities worth almost three times current value
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Warrants surge 5.71 cents on dollar after note published
JPMorgan Chase & Co. just pulled back the curtain on a neglected corner of the high-yielding emerging-market debt market.
Ukrainian GDP warrants — securities used by the former Soviet republic to clinch a sovereign debt restructuring in 2015 — surged by the most since they were issued last week after JPMorgan published a note arguing that they trade at a third of their true value. The 25-page report concluded that payouts on the securities, while difficult to determine, are likely to far exceed current pricing…
Tipoff From JPMorgan Sends Traders Hunting for Obscure Ukraine Debt
