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ICU Research
is a small but highly professional team of experts who have deep insight in diverse fields of finance — from global markets to Ukrainian macroeconomics and from the local banking sector to sovereign debt market.
Bond Market Reviews
Weekly Reviews
Macroeconomics
Bond Market Reviews
MoF improves borrowings using FX-denominated bonds
Interest in UAH bonds decreased again, as investors have shifted their focus to USD-denominated and...
19 November 2025
MoF doubles borrowings
Yesterday's auction provided the state budget with UAH9.1bn, which was almost double WoW.Demand for...
12 November 2025
New bond provide half of proceeds
Yesterday, the MoF launched new UAH bond, which accounted for more than half of the budget proceeds...
5 November 2025
Weekly Reviews
Unexpectedly low demand for USD-denominated bond
The MoF received almost UAH13bn for the state budget from yesterday's bond auction, including only t...
26 November 2025
Несподівано низький інтерес до валютних ОВДП
Міністерство фінансів залучило вчора до бюджету майже 13 млрд грн, із яких лише 5 млрд грн отримано...
26 November 2025
Eurobonds up on new peace initiative
Investors welcomed the news of a new peace plan to end the war in Ukraine presented by the US, but t...
24 November 2025
Macroeconomics
Reparation Loan is a Likely Game Changer for Economy
The lingering war and heightened safety risks imply Ukraine will remain critically dependent on fore...
15 October 2025
A Race to Secure More Budget Funding for 2026
Economic growth to remain slow as the economy will struggle to increase the stock of available resou...
16 July 2025
Larger Financial Aid Buys More Time for Economy to Adjust
Ukraine’s economy has been in a sluggish recovery mode since 3Q24, and chances for a significant nea...
17 April 2025
Video
Media publications
Company News
3 April 2025
Economy
13 December 2024
Economy
27 February 2023
Investments
21 February 2023
Investments
20 February 2023
Venture Capital
15 December 2022
Investments
18 November 2022
Economy
6 September 2022
Bonds
15 June 2022
Investments
13 December 2021