Reuters: Ukraine dollar bonds fall after cbank chief resigns, bond sale cancelled

13:10, 02 July 2020
Economy
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REUTERS

The September 2026 issue was down 1.5 cents, paring earlier larger losses, to 104.3 cents in the dollar, its biggest daily loss since mid-May, Reuters said.

Read alsoIMF urges Ukraine to keep central bank independent as governor's exit rattles market – media

The September 2032 issue shed 1.6 cents to 100.1 cents in the dollar, its lowest point in a month.

Ukraine's Central Bank Governor Yakiv Smolii unexpectedly resigned on Wednesday, citing "systematic political pressure" that was preventing him from fulfilling his duties as governor.

The Finance Ministry said on Thursday it would not proceed with a planned offering of dollar-denominated eurobonds.

It was decided to cancel a new issue of US$1.75 billion in bonds maturing in 2033.

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