The rise in Eurobonds came after news that the government had reached an agreement with creditors on a restructuring.
The value of Ukrainian Eurobonds traded on the Western exchange increased by 13-20%. This is confirmed by data from the Bloomberg platform provided by ICU group analyst Mikhail Demkiv, reports Economic reality.
It noted that the increase occurred after news that the government had reached an agreement with creditors on the restructuring.
By 12:00 Kyiv time, bonds in euros ending in 2028 increased by 17.55%, up to 32.60% of the nominal value, in 2032 – by 20.45%, up to 30.71%.
Dollar bonds maturing in 2024 rose in price by 14.49%, to 36.18%. At maturity in 2025 – by 16.96%, to 36.67%.
As reported, “long” securities with maturities in 2031 and 2035 added the most value to the nominal value – with 18.88% and 19.77%, respectively.
In contrast to Eurobonds, warrants responded with a slight increase of 5.8% – these securities were not included in the restructuring agreement. In August, Ukraine must pay $210 million to holders of GDP warrants.
We remind you that Ukraine has reached agreements in principle with creditors on the restructuring of $23.4 billion of external debt, after which the maturity of Eurobonds will be extended.
It was learned that Ukraine has agreed to payments on its external debt. This important step in the debt restructuring process will save $11.4 billion in debt service costs over the next three years.
Source: korrespondent
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