Fixed Income

July 27, 2020
 

The longest outstanding Ukrainian Eurobond with maturity in 2032 recovered by 3.1% to 98.7/99.7 (7.6%/7.4%) after the issue had dropped by 4.7% to 96 cents on the dollar a week earlier. Medium-term Ukraine-25s added 2.0% to close at 101.9/102.9 (7.4%/7.2%), and the VRI derivatives (linked to Ukraine’s future GDP growth with expiration in 2040) increased by 3.8% to 91.4/92.9 cents on the dollar.