Ukrainian GDP bonds rose in price last week, surpassing the mark of 84.5 cents per one dollar of nominal value. This is the highest level since February 2025, when the price of the securities increased amid optimistic expectations for an end to the war between Russia and Ukraine with Trump’s involvement.
This is reported by Business • Media
Rumors of new negotiations stimulated the market
The latest increase in the value of GDP bonds occurred against the backdrop of rumors about the resumption of negotiations between the Ministry of Finance of Ukraine and the creditors’ committee regarding debt restructuring. The negotiations were resumed after a six-month pause. In April, an agreement could not be reached due to the firm stance of the Ministry of Finance, which refused any cash payments to creditors. Currently, Ukraine aims to complete the restructuring this year, ahead of the launch of a new International Monetary Fund program.
“Ukraine aims to complete the restructuring this year, before the launch of the new IMF program. Currently, creditors hope that the new proposal from the Ministry of Finance will include both the issuance of new eurobonds in exchange for the bonds and cash payments.”
Possible concessions to creditors
Analysts note that due to the limited time to reach agreements, Ukraine may make certain concessions to creditors compared to the spring of this year, which increases the chances of successfully concluding the negotiations. At the same time, even if the Ministry of Finance agrees to certain cash payments, they are likely to be insignificant.