Amid growing fears of Russian aggression, prices of U.S. dollar Eurobonds, GDP-linked bonds and other sovereign securities of Ukraine have dropped significantly.
According to Bloomberg, the yield on short-term securities maturing in September 2021 rose to 24.4% against 21.3% at the end of last week. Income from securities maturing in 2023-2024 rose to 16.9-18% (15.2-15.8%).
Interest rates on Eurobonds maturing in 2025 and 2026 rose to 14.9% and 13.5%, respectively, almost 1% higher than at the end of the previous trading session.
Yields on securities maturing in 2027-2029 grew by 0.7-0.8%, to 12.6-12.2%, and on securities maturing in 2032-2033 – to 11.6-11.5% per annum (by 0.6%).
Ukraine’s GDP-linked bonds (securities issued as part of debt restructuring in 2015) decreased in price immediately by 5.6%, to 62.9% of face value.
The previous sharp drop in the value of Ukrainian Eurobonds took place on January 14-17. The reason was the same – the growing Russian military threat. (Ukrinform/Business World Magazine)