Concorde Capital’s Alexander Paraschiy writes

Concorde Capital’s Alexander Paraschiy writes: “It’s positive that the Finance Ministry has an option to borrow from a private international company, but it will not necessarily use such an option… The rates on Cargill loans look in line with the rates at which MinFin attracted its EUR-denominated Eurobond in late June (6.75% for the seven-year bond). However, since that time, yields on Ukrainian international bonds have plunged (yield to maturity on the seven-year bond was 6.0% on July 9, and it’s 5.0% today), making the Cargill loan not much attractive now.”