Comment: Ukrainian eurobond market as of 10 December
Svitlana Rusakova, International Fixed Income Sales, Dragon Capital
After a slow opening, the Ukrainian Eurobond market leaked wider throughout the session on little trading. The long end of the sovereign curve closed 0.5-0.75pt lower. Ukraine 9.25% 17s weakened to 106.75/107.75 (7.49%/7.24%). Ukraine 22s traded at par and finished the day at 99.5/100.5 (7.87%/7.73%). A few sellers emerged in corporate names moving prices about 0.25pt lower. MHP weakened to 104.25/105.25 (8.23%/7.78%) and Mriya slipped to 99.0/100.5 (11.31%/10.75%).