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Ukraine’s dollar bonds ticked higher by 1-1.5 points across the curve after the nation signed the much awaited minerals deal with the US. The deal involves sharing profits from the future sale of Ukraine’s mineral and energy reserves with the US, and was signed after months of negotiations, with Kyiv wanting security guarantees in return. With Ukraine believed to have vast reserves of critical minerals like graphite, titanium and lithium, the deal was being sought due to its benefits in renewable energy, military technology and infrastructure. The US Treasury said that the deal would help “unlock Ukraine’s growth assets”. Besides, it is also expected to give Ukraine access to the US’ military aid including air defence systems, as per Ukraine’s Deputy Prime Minister Yulia Svyrydenko.
Ukraine’s 1.75% 2029s were up 1.2 points to 62.4, yielding 19.6%.
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