KIEV, July 23 - The Finance Ministry's placing of five-year eurobonds worth $2 billion has revived demand for Ukrainian debt securities, but their prices over the week remained almost unchanged, according to Svitlana Rusakova, a specialist at the department for international sales of debt securities at Dragon Capital.
The ministry's decision to issue was a surprise, as currently conditions on the market are not very favorable. All the same, after placement, the price of the new issue reached 101% of their nominal value, which implied a yield from securities at a level of 8.997% per annum. But by the end of Friday the interest in eurobonds receded following a deterioration in the external situation, and the market participants agreed to buy securities at a price of 99.75-99.85% of par with a yield of 9.31-9.29%.
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