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Ukraine's dollar bonds slide for second day as ceasefire optimism fades

ReutersFeb 18, 2025 12:21 PM

- Ukraine's dollar bonds slid for second day on Tuesday, shaving away some gains from the recent rally that has been driven by hopes for a ceasefire.

The sovereign dollar bonds shed as much as 0.85 cents by 1219 GMT, with the 2029 maturity bid at 72.09 cents on the dollar. The GDP warrant, which earlier this month hit its highest level since Russia's 2022 invasion of Ukraine, also fell by 0.71 cents.

Ukraine's bonds, which were restructured last year, have rallied strongly since late last year, driven by optimism that U.S. President Donald's Trump's promise to quickly usher in a ceasefire could boost Ukraine's economy.

But the exclusion of Ukraine and European leaders from talks this week in Riyadh with U.S. and Russian officials have raised concerns about the durability of any deal.

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