Foreign Investors Pour Back Into Ukrainian Debt

Foreign investors have ended their near-boycott of Ukrainian local currency government debt, returning en masse in recent months amid an improving political and economic backdrop, the Financial Times reported. Just 1.6 per cent of Ukraine’s hryvnia-denominated sovereign bonds were held by foreign investors in December, in the wake of a series of calamities that had seen the currency ship 70 per cent of its value against the dollar since the start of 2014. This has since jumped to 15.3 per cent, according to ministry of finance data, as the election as president of Volodymyr Zelensky, a comedian and businessman with no previous political pedigree, has put a smile back on the faces of foreign fund managers. Read more