Value of Eurobonds and GDP warrants falls sharply in Ukraine

Source : 112 Ukraine

The decrease was caused by the collapse of the oil market and the coronavirus epidemic
11:21, 10 March 2020

The collapse in oil prices and the coronavirus epidemic have led to a sharp fall in the value of GDP warrants in Ukraine - by 9.2% and a rise in the yield of Eurobonds only by 1.1%, Interfax-Ukraine reports.

According to market participants, on Monday, the GDP warrants were worth about 81.8% of the face value, although last week they ended at 90%, and two weeks ago - at 107.5% of the face value.

Eurobonds with maturities in 2020 are now quoted at around 4.9% pa, 2021 - 5.7%, 2022 - 6%, 2023 - 6.9% and in 2025 - 7.3% pa.

Related: Global economy could lose up to $ 2.7 trillion due to spread of coronavirus, - Bloomberg

The yield of securities with maturity in 2025 reached 7.6%, in 2026-2027 - 7.7-7.9%, and the most "longest" with maturity in 2032 - 8.3%.

As we reported earlier, as of 9:45 a.m. March 9, the price of a barrel of Brent oil was $ 33.92

Due to the OPEC + deal-breaking, immediately after the market opened, world oil prices fell by 31%, reaching 31.43 USD per barrel (at the time the market closed on March 6, the price was 45.27 USD).

It is worth noting that on March 7, Riyadh reduced the price of oil that it sells to foreign markets by a maximum in the last 20 years: this was an attempt to induce oil refineries in Europe.

Related: European markets collapse amid sharp decline in oil prices


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