Ukrainian president Viktor Yushchenko's announcement on September 8 that he had sacked his entire cabinet, including prime minister Yulia Tymoshenko, could hardly have come at a worse time for the investment banks appointed to arrange the sovereign's latest Eurobond issue.
Citigroup, Deutsche Bank and UBS have been mandated as joint bookrunners on its planned 600 million denominated 10-year issue, and had planned to hold a roadshow during the week of September 12. This was swiftly put on...