Comment: Ukrainian eurobond market as of 15 February

February 16, 2017 - Cbonds

 

Svitlana Rusakova, Head of Proprietary Department, Dragon Capital (Cyprus) Limited:

The market was rather heavy yesterday, with better offers across the whole sovereign curve. Still, some two-way trading emerged late in the afternoon, with a few offers getting lifted and good volumes changing hands in broker auctions. Still, the curve closed 0.5-0.75pt lower. Quasi-sovereigns were calm, with some supply in banks pushing them 0.25pt lower. DTEK remained heavy in the corporate space, with other names quiet.
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Issuer: DTEK
Issuer profile:
Donbass Fuel-Energy Company (DTEK) is a vertical integration of enterprises that build up an efficient production chain, from coal production to electric power generation and distribution. Mutually b... more
Outstanding issues:
1 issuesUSD1,275,114,314
Issuer rating:
Moody's Investors ServiceCa/PositiveLT- foreign currency02/03/2017
Fitch RatingsRD/LT Int. Scale (foreign curr.)03/06/2017
Fitch RatingsRD/LT Int. Scale (local curr.)03/06/2017
Fitch RatingsRD(ukr)/National Scale (Ukraine)03/06/2017