Igor Mazepa, the CEO of Concorde Capital investment company, discussed whether international investors will remove their investments from Ukraine due to risks of global recession.
Many private banks have restrictions on the purchase of high-risk bonds with Ukraine’s rating. So, the main hope for demand is from state banks. With them as the only buyer, it’s hard to say for what price and discount that local government bonds can be sold on the secondary market, - says Igor Mazepa.
The theoretical holders of Ukrainian Eurobonds can sell them if prices grow, - says Igor Mazepa. But so far, nonresidents don’t have a particular desire to exit, according to the National Bank’s statistics. It’s likely that since the very start, many were ready to hold them until maturity, - summarizes Igor Mazepa.