Ukraine dollar-bonds jump after government nationalizes PrivatBank - Reuters
Ukraine's dollar-denominated bonds jumped by more than 1 cent on Monday after the government said it would nationalize the country's biggest lender, PrivatBank, according to Reuters.
Longer-dated maturities chalked up the biggest gains, with the 2027 and the 2026 issues jumping more than 1.3 cents, according to Tradeweb data, Reuters reports.
Shorter-dated bonds added around 0.8 cents.
Read alsoPoroshenko: PrivatBank depositors guaranteed safety and integrity of their fundsAs UNIAN reported earlier, the Cabinet of Ministers of Ukraine at its Sunday meeting supported the proposal of the National Bank and the Council for Financial Stability to transfer PJSC PrivatBank to 100% state ownership.
Prime Minister Volodymyr Groysman expressed hope the Verkhovna Rada of Ukraine would pass the state budget 2017 this week.