Ukraine

MDB or national guarantees could help Ukraine issue again

- Sergiy Nikolaychuk of Ukraine’s central bank offers an in-depth look at the country’s economy in wartime - Can the good times last in the primary bond market? - Real estate looks for refi rehab and direct lenders end up as owners

Follows biggest year of social issuance for the development bank, including bonds earmarked to support Ukranian refugees

Deal is intended to raise C$500m from retail investors in Canada

The CDS auction for Russia will be held on September 12

News that toxic assets will be tradeable for a time and replacement corporate bonds are on the way could dent attempts to weaken the country’s financial system

Meanwhile, auction for Russia CDS date narrowed

Borrower may not care whether its offer is successful, said one analyst

Process for Ukraine expected to be far easier than for Russia

It is not possible to know what Ukraine will be able to offer, but it will not be much

Ukraine sovereign comes through consent solicitation as investors also grant two state-owned issuers two years' relief from Eurobond payments

Ukraine will find itself in 'awkward' position when negotiating with creditors