Ukraine’s dollar-denominated Eurobond prices fell again amid

the military escalation in the Donbas. Military escalation and prospects for Russia’s independence recognition within the Luhansk and Donetsk regions drove bond prices lower. According to Bloomberg, at 18:00, the yield to maturity of the shortest securities maturing in September this year rose to 24.4% against 21.3% at the end of last week. Securities maturing in 2023-2024 were quoted with a yield of 16.9%-18% compared to 15.2-15.8% on Friday. The rate of Eurobonds maturing in 2025 increased to 14.9%, those maturing in 2026 rose to 13.5%, which is 0.9% higher than at the end of last week. The price of two issues of Eurobonds in euros fell by 3.1-3.4%, which led to an increase in rates of securities maturing in 2026 by 0.9% to 13.8%, and bonds maturing in 2030 rose by 0.6%, up to 10% per annum. Due to deteriorating investor sentiment, Ukraine’s GDP warrants fell by 5.6% to 62.9% of face value on Monday.