Ukraine’s Eurobonds have been falling in price for almost a month in a row

The “shortest” papers ending in September of this year dropped in price – by 1.5% or to 68.6% of face value.

Ukrainian Eurobonds have been falling in price for four weeks in a row. Over the past week, they have lost an average of another 7.7% in price, Interfax-Ukraine reports on Monday, June 20.

It was noted that only the decision of the European Commission to recommend granting Ukraine the status of an EU candidate can stop the fall on Friday night.

The “shortest” papers ending in September this year dropped in price – by 1.5%, to 68.6% of face value. But due to the proximity of the maturity date, the rate on them rose to 241.8% per year against 208.5% per year last week.

Quotes of securities that matured in 2023-2025 fell 6.4-7.4% in a week, in 2026-2028-by 9.6-9.9%, and the “longest” ones, maturing in 2029-2033 years- of 7.5-7.9%.

At the end of last week, Eurobonds that matured in September 2023 were quoted at a rate of 108.3% per annum, in September 2024 – 69% per annum, in 2025 – 53.5%.

Rates on securities ending 2026-2029 rose to 43.6-38.1%, and on the longest bonds to mature in 2029-2033-up 31.7-26.8%.

Euro bonds that matured in 2026 were quoted with a yield of 49.3%, in 2030-25.8%, which was 4.6 pp and 1.8 pp higher than the weekend before the last.

The price of GDP warrants, which at the beginning of June was close to the highest since the start of the war – 38.8% of nominal value (compared to 60% before the war), decreased by 7.4% in the previous week – to approximately 33.6 % of nominal value.

Earlier, the National Bank said that the decline of the Ukrainian economy slowed in May. If in March Ukraine’s GDP fell by 44%, then in May the decline was reduced to 35-40% – thanks to regions where active fighting does not continue.

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