Ukrainian eurobonds record rise in price.
Expensive Ukrainian eurobonds at a record pace in the background of an agreement on restructuring the foreign debt write-off 20% of its principal amount.
Prices for Ukrainian bonds are actively growing at the same securities maturing in July 2017 rise in price at a record pace, against the backdrop of an agreement with a committee of private creditors on the restructuring of the country’s state debt write-off 20% of the principal amount.
Ukrainian eurobonds maturing in July 2017 rose by a record 8.9 cents to 64.5 cents per $ 1 face value.
At the same time government bonds maturing in April 2023 rose by 5.7 cents – up to 60.14 cents per $ 1 face value.
August 27 announced an agreement with creditors of Ukraine concerning the restructuring of the country’s debt, which would reduce it to $ 3.8 billion – from $ 19.3 billion to $ 15.5 billion.
Terms of the deal include in particular the write-off of 20% of the nominal value of Eurobonds.
