Ukraine’s sovereign dollar bonds rallied on Thursday, some to multi-month highs, a day after the launch of a joint $150 million critical minerals investment fund with the United States.
While all bonds, and Ukraine’s gross domestic product-linked warrant, made gains, the short-term 2029 issue popped the highest, adding nearly 3 cents to bid at 68.75 cents on the dollar, its highest since March.
U.S. support for Ukraine is crucial to the country’s grinding war with Russia, and many view the critical minerals deal as a sign of Washington’s long-term investment in the country.
