KYIV, April 21 – Morgan Stanley advised investors to buy the dip in Ukraine’s Value Recovery Instruments (VRI), suggesting its fair value is much higher, the bank said in a report. VRIs are currently trading at 102.4, but its fair value is 145, Morgan Stanley said in the report, according to Interfax-Ukraine.

The second quarter of this year will bring the first payment on these securities and may show double-digit economic growth rates.