Prices of Ukrainian Eurobonds, which stabilized the week before last after a month-long 20% drop, resumed a slow decline last week, losing an average of 3% and dropping to a level near a historic low.
According to Bloomberg, at the short end, the losses were less than in its middle and at the long end, in particular, 2025 dollar Eurobonds fell in price by only 0.9%, to 21.9% of par, which corresponds to a yield of about 75.8% per annum. .
Eurobonds in dollars maturing in 2026-2030 were quoted at the end of last Friday in the range of 17.9-19.3%, which is on average 0.6 percentage points (pp) lower than a week earlier, and their current rates range from 63.5% to 42.7% per annum.
The price of the longest dollar securities maturing in 2031 and 2034-2035 fell the most – by an average of 4.6%, or 0.8 percentage points. – up to 16.7-16.5% of the face value, which corresponds to a yield of 38-35.4% per annum.
As for eurobonds in euros, bonds maturing in 2028 fell in price by 2.8% over the week, to 17.5% of par, and in 2032, by 4.7%, to 15.8% of par. Given the lower nominal interest rate compared to dollar securities, this corresponded to a yield to maturity of 50.6% in the first case and 34.2% per annum in the second.
At the same time, quotes of GDP-warrants remained at the same level last week – 26.2% of the conditional value.
