The Zerkalo Nedeli weekly, citing Bloomberg’s calculations, noted that Ukrainian Eurobonds have already fallen in price by 2 cents since the beginning of January. The fall does not look that significant, but the trend, according to the publication, does not suggest optimism. It argues that even Zelenskyy’s statements regarding the agreement on US security guarantees for Ukraine have not changed the mood of investors.
The fall in the price of Ukraine’s Eurobonds is all the more alarming because from mid-December until the end of last year, the bonds were rising in price. The price rise was due to the decision to provide new financing from the EU.
The change in the trend suggests that investors have changed their assessments of the prospects for a peaceful settlement and Ukraine’s recovery, the newspaper said.
Ukraine’s Eurobonds maturing in February 2034 were quoted at 62.5 cents per dollar of face value in late December, and are now valued at about 60.5 cents, Bloomberg said.
