LONDON, Nov 14 (Reuters) - Ukraine's sovereign dollar
bonds extended a post-U.S. election rally on Thursday on
optimism that Donald Trump's return to the White House could end
the country's war with Russia and on expectations of an imminent
funding boost.
Longer-dated maturities saw the biggest gains, with 2035
paper rising 2.6 cents to be bid at 56.73 cents, its highest
since the bonds were launched in early September as part of the
country's debt restructuring, Tradeweb data showed.
Ukraine's GDP warrants - fixed income instruments linked to
economic growth - were also on a tear, adding 1.8 cents to trade
at 78.56 cents in the dollar.
Hopes for a swift resolution to the Russia-Ukraine war
have seen the bonds push as much as 9 cents higher since Trump
won the U.S. election on Nov. 5. Trump has pledged a quick end
to the conflict but has yet to share details on how he would
achieve that.
Adding to the momentum are expectations for more
imminent support for the war-ravaged country from the outgoing
U.S. administration of President Joe Biden and the International
Monetary Fund.
Outgoing U.S. Secretary of State
Antony Blinken
assured NATO on Wednesday that the Biden administration
would bolster its support for Ukraine ahead of Trump's return as
president in January.
An
IMF monitoring mission
is in Kyiv this week for talks that may open a path for
another $1.1 billion tranche under its $15.6 billion four-year
loan programme.