Ukraine's dollar bonds rally as push for ceasefire with Russia continues

LONDON, May 12 (Reuters) - Ukraine's dollar bonds gained more than 3 cents on Monday as the push for ceasefire with Russia continues.

The 2030 maturity gained the most, adding more than 3 cents to be bid at 54.5 cents, Tradeweb data showed. The GDP warrant, an instrument whose payout is linked to economic performance, also added 2.7 cents to be bid at 75.29 cents on the dollar.

Ukraine had proposed a 30-day ceasefire, starting on Monday, and European leaders are piling pressure on Russia to adhere to a truce before any direct peace talks between the countries.