Prices steady after rebound

Обзор облигаций 01.09.2015 Prices of Ukrainian Eurobonds significantly rose last Friday to about 71.25-72.00 on news of the debt restructuring terms set by the ad-hoc committee and approved by the government. However, prices remained mostly steady, without any reaction to news from Ukraine. The next step in the debt deal could be seen today if the government will approve and submit to the parliament draft of legislation. The new revision to the launch of new VRI instruments which are not in the current law. At the same time, the current level of prices could be seen as being slow, particularly to parliament members who are voting, which could cause a slight increase if will be positive and law will be revised.