Metinvest: Speculative Buy on expectations of a deal. 01 Mar. 2018. 19pp
Ukraine economy: Recovery on track, IMF deal is crucial... 07 Feb. 2018. 16pp
Metinvest: Strong commodity prices imply high risk... 26 Sept. 2017. 8pp
Ukraine State Budget 2018 Note. 25 Sept. 2017. 4pp
Ukraine Politics: Open window before the storm. 21 Sept. 2017. 14pp
JKX Oil & Gas: Fighting to survive after losing... 14 Aug. 2017. 10pp
Ukraine Economy: ...not enough fat to get through 2020. 21 Jul. 2017. 15pp
ULF and Avangardco: A history of inefficient ... 09 June 2017. 12pp
Ukrainian Eurobonds: Top picks update 26 Apr. 2017. 13pp
Metinvest & DTEK: Risks from railroad blockade 22 Feb. 2017. 9pp
METINV: Restructuring terms imply FV of 100. 02 Feb. 2017. 9pp
Privatbank: is there any value left in Eurobonds? 27 Dec. 2016. 11 pp
Privatbank nationalization - Top questions. 19 Dec. 2016. 4 pp
Fixed Income Strategy - The last bets of the restructuring wave 29 Nov.2016. 57pp
It looks like the era of the “fight for the budget” is over...
Our base-case scenario remains that Akhmetov and Zelensky will find common ground - sometime in 2022...
We see the likelihood of its approval as low...
A major positive for Interpipe (INTHOL), which might save up to USD 100 mln per year as a result...