Ukraine
-
Investors fear a PR disaster if Ukraine poultry firm is forced into default -
Some investors have yet to receive repayment of Gazprom bond that matured on Monday
-
Bond investors look to where their cash can go now Russia has been expelled from indices
-
There is little chance of repayment if Ukraine cannot remain independent of Russia
-
Market unsure how Russian borrowers can identify foreign bondholders after rouble ruling
-
Rouble option could prevent CDS trigger
-
Ukraine paid a bond coupon on Tuesday but Russia is taking steps to stop repaying foreign investors
-
Market would bear no grudge if Ukraine decided to withhold upcoming coupon payment
-
The Central Bank of Russia's healthy foreign reserves were a buffer for Russian issuers but the US is leading the charge to cut these off
-
A denial of overseas market access should not stop Russian corporate borrowers servicing their debts
-
Collapse in Russia sovereign and corporate bond prices in full steam as more sanctions loom as participants wonder when other issuers can raise funding again
-
Investors can still trade existing Russian debt but this could change if Russia launches full scale invasion of Ukraine
