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Ukrainian Eurobonds have continued to fall in price for the last six weeks.

Ukrainian Eurobonds have continued to fall in price for the last six weeks.

 Last Friday, Ukrainian Eurobonds rose by an average of 1.7%, but overall, they lost 8.1% in value for the week. According to Bloomberg, among the dollar-denominated Eurobonds, the shortest papers maturing in September this year fell the most in price – by 13.5%, to 54.4% of their face value. Still, due to the proximity of the maturity date, the rate on them jumped to 537.1% per annum against 336 .6% per annum a week earlier. The price of securities maturing in 2023 fell by 7.9% – to 33.3% of the face value, and the rate, as a result, rose from 124.3% to 139.1% per annum. All other Ukrainian Eurobonds are quoted from 25.7% to 27% of the face value, which is on average 2.3% lower than a week ago. As a result, the interest rate on Eurobonds maturing in September 2024 increased to 91.7%, in 2025 – to 66%, in 2026 – to 52.4%, and in 2027 – to 45.5% per annum.

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