Prices of Eurobonds collapse amid situation around Ukraine

Against the background of the latest developments, the prices of Ukraine’s dollar Eurobonds fell by 19-27% by 12 a.m. (GMT+4) on February 24, and by 6 p.m. - to 37-53% of the face value, Report informs referring to Interfax-Ukraine.

The yield to maturity of the shortest bonds maturing in September 2023 jumped to 186% while their price fell to 53.2% of the face value.

Eurobonds maturing in 2023 were quoted at a rate of 78.3% per annum, in 2024 - 54.1% per annum, in 2026 - 41.5%, in 2027 - to 31.8%.

Rates on longer-term bonds maturing in 2029-2031 rose to 37.6-37.2%.

Euro bonds maturing in 2026 were quoted with a yield of 36.4%, in 2030 - 21.3%.

Russia’s military offensive dealt a heavy blow to the securities of Ukrainian companies. In particular, the rate to maturity on MHP-2024 Eurobonds jumped to 46.6%, while their price fell to 49.7% per annum.

The price of Ferrexpo shares on the London Stock Exchange collapsed on February 24 by 42.6%.

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