Thursday, December 19
Concorde Capital’s Alexander Paraschiy wrote:
Monday, July 12, 2021
“The placement rate implies a spread to the sovereign curve of 247 bps, which looks too high for a quasi-sovereign issuer. Two years ago, Ukrainian Railways issued a new bond with a 155 spread to the sovereign curve. In fact, this is the third-worst issue spread in Ukraine’s quasi-sovereign universe over the last 10 years.”
