HALISTER1: BofA Closes Ukraine Warrants Recommendation, Favors 2022 Bonds

BofA Closes Ukraine Warrants Recommendation, Favors 2022 Bonds

(Bloomberg) -- Ukraine GDP warrants “missing catalysts shorter term,” Bank of America strategist Gabriele Foa says in e-mailed report.
  • BofA favors Eurobonds maturing 2022 as note “cheaper” than shorter maturities that are benefiting from high carry
  • Reiterates curve to likely steepen medium-term on credit normalization “as most illiquid sovereigns trade steeper”
  • NOTE: Morgan Stanley Recommends Buying Ukraine 2022 Bonds on Valuation
  • NOTE: Exotix Retains ‘Buy’ on Ukraine Govt Bonds on Macro Improvements
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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Gabriele Foa (Merrill Lynch & Co Inc)

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