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Ukrainian Eurobonds steadily rise in price

The price of Ukrainian Eurobonds is increasing.

The price of Ukrainian Eurobonds is increasing.

The cost of Ukrainian dollar Eurobonds increased by 4.5-10% on March 9, and in general since last Friday, March 4, the increase was 20-43%, Interfax-Ukraine reports, citing Bloomberg data.

The price of the shortest securities maturing in September 2022 amounted to 45.4% of par, which corresponds to a yield to maturity of 270.9% per annum, while at the end of last week it reached 362.4%.

Eurobonds maturing in 2023 were quoted at a rate of 86.4% per annum, in 2024—68.5%, in 2025—50.6% and in 2026—43.8%.

Rates on securities maturing in 2027—2028 decreased to 39-40% against 49-51% last Friday, and on bonds maturing in 2029—2031 they were 32.6-28.1%, while their price equaled 30% of par against 21.8% at the end of last week.

The rate of GDP warrants increased by 7.5%, and since Friday—by 54.5% and now is about 22.8% of par.

Recall that on March 9, the IMF approved emergency financial support for Ukraine in the amount of $1.4 billion. The funds were allocated under the Rapid Financing Instrument (RFI).

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