KYIV, Sept 8 – Analysts at BofA Securities have given an Underweight recommendation for Ukraine's eurobonds in Tuesday's EEMEA Sovereign Credit Viewpoint, favoring VRIs (Value Recovery Instruments).

Spreads for Ukraine are trading close to historical averages compared to spreads of emerging markets. However, the analysts are concerned that bonds may show weaker dynamics given the likely delays in IMF support and potential issuance, the analysts said, explaining their position.