Fixed Income

June 22, 2020
 

Ukraine’s longest outstanding Eurobond due in 2032 rose 1.9% to 101.8/102.8 (7.2%/7.0%) and medium-term Ukraine-25s added 0.9% to 104.0/105.0 (6.9%/6.7%). The VRI derivatives (linked to Ukraine’s future GDP growth with expiration in 2040) gained 2.7% to 93.0/95.0 cents on the dollar; these securities were trading at par value prior to the COVID crisis.