Yatseniuk urges investors to advance restructuring talks

Обзор облигаций 18.05.2015 In Prime Minister Yatseniuk's speech to Parliament last Friday, the head of the government again requested investors to participate in the restructuring, as its successful completion is crucial for the economy and state budget. If they fail to do so, Ukraine will be unable to repay its debt. Investment implications: Our view is that this message was addressed to Russia and other investors that refused to join the ad-hoc committee. For Ukraine, this is the last chance to decrease the debt load and improve the debt structure and repayment schedule. Despite the public pleas, no practical steps to improve the situation or to advance negotiations have begun; any further public announcements without these steps will be meaningless.