May
20
Worse to Come on Ukraine Debt as Moratorium Threat Raises Stakes
ByUkraine’s bonds may have a long way to fall even after the announcement of a possible moratorium on interest payments triggered the deepest selloff in two months.
The debt slumped to 45 cents on the dollar on Tuesday. Prices could drop to below 40 cents if negotiations on restructuring the $23 billion of bonds drag on, according to Vadim Khramov, an economist at Bank of America Merrill Lynch, who downgraded Ukraine’s debt to underweight hours before Tuesday’s slump…
Worse to Come on Ukraine Debt as Moratorium Threat Raises Stakes
