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Kuchma: his heavy hand over state |
With Russia, Hungary, Poland and other transition economies offering ever-decreasing yields, investors are snapping up any emerging-market new issue that offers decent spreads. That means they should favour the new issue planned by Ukraine, for $600 million, which the country plans to bring to the bond markets this quarter.
After all, Ukraine had a very good year financially in 2002. Its $2.5 billion of Eurobonds returned 20% – one of the best sovereign performances in the world.
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