February 04, 2005 | Cbonds
|Ukrainian Finance Ministry noted growth of Ukrainian eurobonds since the beginning of this year.|
This information is based on the ministry’s official statement.
According to the ministry’s data, the price on 10-year eurobonds of Ukraine yielding 7.65% p.a. soared to 109.5% of par, which corresponds to yield to redemption of 6.15% p.a.
5-year floating rate eurobonds are traded at 107.5% of par, which corresponds to yield to redemption of 4.5%.
“10-year Ukrainian eurobonds were traded with a premium to Russian amortized 2030 bonds for the first time. There is a sustained trade of yield reduction to the level of countries-candidates for accession to EC, such as Turkey, Bulgaria, Romania, and Croatia”, - the statement says.
The reported earlier, in the last week of November 2004 Ukrainian government eurobond quotes fell on average by 4.5-5 percentage points, on the back off the political events in the country.
By the end of 2004 the quotes started recovering.
Based on Ukrainski Novini data