Wow. Ukraine’s trending #Ukraine
Actually, Franklin Templeton owns a third of 2023 bonds (re previous tweet) — it holds $500m of total $1.5 bln issued
Interestingly Ukraine 2020 dollar bond (which F.Templeton has half of, or $500m) has not moved at all today while other bonds are sinking
EBRD says is staying put on Ukraine
Franklin Templeton funds own around $200m of this very 2017 bond (total issued $2.6b) and $300m of the $1.25b 2023 bond as of Dec 31
Ukraine 2017 dollar bond down 6 points to fresh record lows. Panic selling
European Investment Bank says has frozen its activities in Ukraine due to violence in the country
Seems like a panic sell-off in Ukraine sovereign bonds. 2017 is down nearly 5 cents to record lows, 2014, 2023 bonds all hitting record lows
LONDON, Feb 19 (Reuters) – Ukrainian assets tumbled on
Wednesday as a renewed wave of violence hit the capital Kiev,
adding pressure on Russia’s rouble which was at an all-time low
to the euro.
The rouble was primarily hit, however, by a foreign currency
purchase plan announced by the finance ministry.