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April 19, 2019 www.intellinews.com
Ukraine’s bond market revolution about to begin, just as debt repayments are about to soar
Ben Aris in Berlin
A revolution in the Ukrainian bond market is about to take place this month that should provide ample financing, raised on the domestic, not international, capital market to deal with
a debt mountain Ukraine is facing this year.
In the next five years bond repayments will rise significantly and it was not clear whether
CEO who led revolutionary change at Moscow Exchange steps down
but strategy to remain the same
bne IntelliNews
The CEO of the Moscow Exchange (MOEX) Alexander Afanasiev has stepped down a year early and will be replaced by Yury Denisov, another capital markets professional, Russia’s biggest bourse announced on April 17.
the government could make its payments. A restructuring deal cut by former finance minister Natalie Jaresko kept debt repayments down to under $10bn a year for the last five years, as Ukraine emerged from an almost total collapse of its economy in 2015. Now those payments go up
See page 2
Alexander Afanasiev, CEO of the Moscow Exchange, has stepped down a year early.
Afanasiev has led the exchange for seven years and overseen a revolutionary change in Russia’s capital markets, which have some trillion dollars of assets under management.
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