Investors desperate for yield drove the success of the placement. In addition, Kyrylo Shevchenko, the new governor of the National Bank of Ukraine, worked hard over the last week to persuade investors that Ukraine intends to stay on track with the $5 billion IMF loan program signed last month. “He gave us the message that it’s business as usual, and that the objectives of central bank policy aren’t about to change,” Richard House, head of emerging market debt at Allianz Global Investors, told the Financial Times, in an article headlined: “Investors back Ukraine bond after change at top of central bank.”
Investors desperate for yield drove the success of the placement.
