Ukraine Fixed Income Weekly (February 8, 2016)
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.