The value of Ukraine’s eurobonds on May 22 fell by 0.1-1 percent depending on the maturity, and their profitability increased by 0.1-0.15 percentage points, market participants have told Interfax-Ukraine.
In particular, profitability on bonds maturing in 2026–2027 came close to 9 percent per annum: 8.91 percent and 8.96 percent respectively.
Securities maturing in 2023 are listed at the rate of 8.46 percent per annum, in 2022 at 7.92 percent and in 2021 at 7.68 percent per annum.
In addition, the value of Ukraine’s GDP warrants, which are now quoted at a price of about 63.14 percent of the nominal, declined by 0.6 percent.
The market participants said the main reasons for negative dynamics in the market were reports about the possible early dissolution of the Verkhovna Rada, the resignation of the government, and the termination of work of the International Monetary Fund (IMF) mission, which began work on the evaluation of the Stand-By Arrangement in Kyiv on May 21. The IMF representative office in Ukraine reported that the fund’s experts continue working, but there has not been a more detailed official comment.
