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Ukraine Fixed Income Weekly (February 8, 2016)

Eurobonds overview

All Ukraine’s Eurobonds’ prices lost in prices last week. The shortest Ukraine-19 lost 2 cents and traded at 92.5 cents. Ukraine-20, Ukraine-21, Ukraine-22, Ukraine-23 lost 3 cents on average, and were traded at 91.8 cents, 90.0 cents, 89.5 cents, and 89.0 cents correspondingly. Ukraine-24, Ukraine-25, Ukraine-26, and Ukraine-27 lost 3.4 cents on average. Ukraine-24 was traded at 87.9 cents, Ukraine-25 at 88.8 cents, Ukraine-26 and Ukraine-27 at 87.1 cents. The prices of the sovereign’s issues were dragged down by the highly negative news triggered by the resignation of the economy minister, the corruption revelations of the minister, and the following tough reactions from the IMF and the G-7 countries.

Read more: Ukraine Fixed Income Weekly (February 8, 2016)

Ukraine Fixed Income Weekly (February 1, 2016)

Eurobonds overview

All Ukraine’s Eurobonds’ prices increased last week, with the exception of the short-term Ukraine-19, which remained unchanged at 94.5 cents. Ukraine-20 gained 1.7 cents and was traded at 94.7 cents. Ukraine-21, Ukraine-22, and Ukraine-23 gained 0.7 cents on average, with Ukraine-21 trading at 93.0 cents, and Ukraine-22 and Ukraine-23 at 92.3 cents on average. Ukraine-24, Ukraine-25, Ukraine-26, and Ukraine-27 gained 0.7 cents on average, with Ukraine-25 trading at 92.0 cents, against an average 91 cents for Ukraine-24, Ukraine-26, and Ukraine-27. Some perception of a gradual political stabilization in the country on background of news about Russia’s search for a viable exit strategy in the eastern Ukrainian conflict must have lent a minimal support to the Ukrainian sovereign bonds last week.

Read more: Ukraine Fixed Income Weekly (February 1, 2016)

Ukraine Fixed Income Weekly (January 25, 2016)

Eurobonds overview

Ukraine’s Eurobonds’ prices mostly declined last week, with the exception of the short-term Ukraine-19, the long-term Ukraine-24 and Ukraine-25. Ukraine-19 gained 0.4 cents and was traded at 94.5 cents. Ukraine-20 and Ukraine-21 lost 0.2 cents and were traded at 92.7 cents on average. Ukraine-22 and Ukraine-23 lost 0.6 cents to be traded at 91.5 cents on average. Ukraine-24 and Ukraine-25 gained 0.1 cents and were traded at 90.2 cents on average. And Ukraine-26 and Ukraine-27 lost 0.2 cents to be traded at an average 89.3 cents correspondingly.

Read more: Ukraine Fixed Income Weekly (January 25, 2016)

Ukraine Fixed Income Weekly (January 18, 2016)

Eurobonds overview

Ukraine’s medium term Eurobonds gained in prices last week, save the Ukraine-20, which lost 0.6 cents and traded at 93.3 cents. Ukraine-19 and Ukraine-21 gained 0.8 cents, and were traded at 94.1 cents and 92.6 cents respectively. Ukraine-22 and Ukraine-23 gained 1.5 cents and were traded at 92.4 cents and 91.9 cents respectively. The longer-term Eurobonds lost in prices with Ukraine-24 and Ukraine-25 losing 1.4 cents to be traded at 89.9 cents and 90.4 cents respectively, and Ukraine-26 and Ukraine-27 lost 0.9 cents to be traded at 89.5 cents on average. The news about the positive reception of the Ukrainian 2016 budget package by the IMF and the strong EBRD commitment to the country, on background of improving foreign reserves position might have supported the medium-term Eurobonds, whereas the longer-term Eurobonds might have been undermined by the prospects of stretching the negotiations on the eastern Ukrainian territories to a longer period.

Read more: Ukraine Fixed Income Weekly (January 18, 2016)

Ukraine Fixed Income Weekly (January 11 2016)

Eurobonds overview

The prices of Ukraine’s short and medium-term Eurobonds remained mostly unchanged last week, save the Ukraine-20, which gained 1.6 cents and was traded at 93.9 cents. Ukraine-19 traded at 93.4 cents, Ukraine-21 at 91.9 cents, Ukraine-22 at 90.9 cents, and Ukraine-23 at 90.4 cents. The longer term Eurobonds gained 3.3 cents in prices on average. Ukraine-24 was traded at 91.3 cents, Ukraine-25 at 91.8 cents, Ukraine-26 at 90.6 cents, and Ukraine-27 at 90.2 cents.

Read more: Ukraine Fixed Income Weekly (January 11 2016)