Ukraine Debt Buybacks May Reassure Market (11:59 p.m.) Ukraine has bought back some of the $1.4 billion in bonds set to mature in September, plus some of its so-called GDP warrants. That may give investors comfort the government is ready to support the debt market.

 

Ukraine Debt Buybacks May Reassure Market (11:59 p.m.)

Ukraine has bought back some of the $1.4 billion in bonds set to mature in September, plus some of its so-called GDP warrants. That may give investors comfort the government is ready to support the debt market.

 

 

The bonds tumbled recently to levels not seen since the pandemic crisis in 2020 as markets were spooked by the escalation of tensions with Russia. The buybacks may be a signal that the government is ready to step in, buying dips to shore up the market.

Fitch on Friday changed its outlook on Ukraine to stable from positive, while affirming its B rating, its fifth-lowest junk ranking, on par with Nigeria and Costa Rica.