Bonds issued by the Ukrainian government hit new lows Wednesday despite assurances from foreign governments and global institutions that they would continue to buttress Ukraine’s wartime finances, WSJ Pro Bankruptcy reported. On Wednesday, a Ukrainian government bond coming due in September was quoted between 36 and 40 cents on the dollar, down from 65 cents on Friday, according to data from FactSet. A 2033 bond was quoted between 23 to 26 cents on the dollar Wednesday, down from 45 cents Friday. Last week, Ukraine’s bonds rallied after the country’s forces appeared to be holding off an invasion of the nation’s capital, and governments around the world pledged billions in financial assistance to Kyiv. But news that Russian forces, frustrated in their plans for a quick victory, shifted to a strategy of pummeling civilian areas in an attempt to demoralize Ukrainian resistance has brought anxiety over the outnumbered Ukrainian military back into focus.
