Persero plans dollar bonds; Ukranian corporate, sovereign spreads trade up; Kowepo widens

By Aleesia Forni

Virginia Beach, Sept. 19 – PT Pelabuhan Indonesia III (Persero) announced plans to price a dollar bond offering on Friday, as the market tone improved following positive developments in Ukraine.

Ukrainian sovereign bonds were up around ½ of a point on Friday following comments from Finance Minister Oleksandr Shlapak that Ukraine would not need to restructure its sovereign debt, a source said.

The source added that corporate bonds in the space were up about ½ point to 1 point on the day.

Ukraine-based poultry company MHP SA’s 2020s have decreased by 0.1 percentage point to 85 bid, 86.9 offered, an analyst said.

MetInvest BV has seen its bonds decline this week, with the 2015s moving down 1 percentage point to 77 bid, 80 offered, the analyst added.

In other trading, the recently priced 2.625% five-year notes from Korea Western Power (Kowepo) traded 1 basis point wider during the session.

In primary news, Guangzhou R&F Properties Co., Ltd. announced plans to price a renminbi-denominated offering of notes.

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