The rumor mill is churning away as the September deadline approaches for Kiev to cough up the dough for a massive sovereign debt repayment to a team of international creditors led by Franklin Templeton. The latest news, Bloomberg reports, has Ukrainian bond valuations soaring on the rumor that a deal to restructure the debt under terms reasonably favorable to Kiev is set to come out tomorrow:
The nation’s $2.6 billion of notes maturing in July 2017 gained 2.16 cents to 55.54 cents on the dollar at 7 p.m. in Kiev, headed for the biggest daily gain since July 2. Ukraine’s Novoye …read more
Source: The American Interest
