Prices of Ukraine’s Eurobonds jumped by an average of 13% over the past week and, taking into account the growth at the end of June, reached a new high for the period since the beginning of the full-scale Russian aggression.
According to Bloomberg data, last week the quotations of dollar Eurobonds ended in a range from 28.1% of the face value of the shortest securities maturing in September 2025 to 25.0% of the face value of the longest securities maturing in March 2035.
On average, quotations grew during the week by 3.1 percentage points rather evenly along the whole curve.
According to market participants, such a spurt could be caused by the positive reaction to the results of the NATO summit, as a few weeks ago – by the results of the Conference on the reconstruction of Ukraine in London and the rebellion of Prigozhin.
In addition, Ukraine’s GDP warrants also rose to a new military maximum last week – 42.6% of the nominal value, while a week ago they were given 39.3% of the nominal value, and several attempts to break through the 40% level were unsuccessful.
