<Ambassador Marie Yovanovitch and Ukrainian Finance Minister Oleksandr Danyliuk signed an Intergovernmental Agreement (IGA) to implement provisions of the Foreign Account Tax Compliance Act (FATCA) and to promote transparency between the two nations on tax matters.
Analyst: “Currently, Oschadbank and Ukreximbank notes are traded with a 90 – 160 bps spread to the sovereign curve and thus remain among our top picks.”
Analyst: “The risk that the coke plant will be cut entirely from natural gas supplies remains solid, and so is the risk of irrevocable damage to the plant’s main equipment, coke batteries.”
In addition to wide strength on the Warsaw exchange, on the LSE Ferrexpo improved 2.1%, concluding the week at a 10.1% advance.
Analyst: “Most likely, some part of Privatbank debt to Cargill was bailed-in (with no legal way to recover it) and some part remains due.”