Ukraine dollar bonds jump on Shevchenko becoming new central bank chief

Ukraine's dollar-denominated sovereign bonds rose sharply on Thursday after the country's parliament approved Kyrylo Shevchenko as new central bank chief. [nL5N2EN24T]

LONDON, July 16 (Reuters) - Ukraine's dollar-denominated sovereign bonds rose sharply on Thursday after the country's parliament approved Kyrylo Shevchenko as new central bank chief.

Longer-dated issues chalked up the biggest gains with the 2032 bond UA157795295= up 4.2 cents to trade at 99.60 cents in the dollar, according to Refinitiv data.

The premium demanded by investors to hold Ukraine's hard-currency debt .JPMEGDUKRR over safe-haven U.S. Treasuries sunk to 658 points in the JPMorgan Global Diversified index, the lowest in a week.

President Volodymyr Zelenskiy had nominated Shevchenko, currently head of the state-run Ukrgasbank, on Wednesday to become the new governor two weeks after his predecessor Yakiv Smoliy quit over what he called systematic political pressure.

(Reporting by Karin Strohecker, editing by Sinead Cruise)

((karin.strohecker@thomsonreuters.com; +442075427262; Reuters Messaging: karin.strohecker.reuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More