LONDON, July 23 (Reuters) - Two fixed income instruments

issued by Ukraine's government and its state power firm that

were not included in a restructuring proposal this week surged

for a second day on Tuesday to reach pre-invasion levels,

according to Tradeweb data

Ukraine's GDP warrants gained 2 cents on the dollar to bid

at 57.78 cents, the data showed, while state-owned power company

Ukrenergo's bond rallied 2.3 cents to reach 46.68 cents on the

dollar, Tradeweb data showed. Both were the highest levels for

those instruments since the days before Russia's Feb. 25

invasion.

Ukraine's GDP warrants were not included in a restructuring

Kyiv presented on Monday, other than to remove cross default

clauses from the sovereign bonds that were restructured.

The government said in its regulatory notice that it

intended to make payments for both the warrant consent fees and

the deferred payments for 2021 growth, which had been due in

2023.

"We believe the deferred payment for the 2021 growth year in

particular indicates some goodwill by Ukrainian authorities to

come to an amicable restructuring solution with warrant holders

(likely by early 2025, in our view)," said Andreas Kolbe at

Barclays.