8 December 2014 Bonds

Banking Sector Insight

In a search of confidence

Our banking sector quarterly update focuses on the most recent financial data on banks – in this case, for 3Q14 – and discusses the latest developments in the sector as well as in the economy. In a nu ...

ICUDebtInsight-20141208-print.pdf  (4.1mb)

1 December 2014 Bonds

Bond Market Insight

Keeping negative anticipations

Under its new parliament last week, only the Prime Minister was approved while other government appointments were not. As a result, financial market conditions remained unchanged from the last few ...

ICUDebtInsight-20141201.pdf  (1.2mb)

11 November 2014 Bonds

Bond Market Insight

High risks and negative anticipations

Ukraine remains under the pressure of negative anticipations caused by high yields and highly limited access to financing. The further depreciation of the hryvnia and significant decline in FX rese ...

ICUDebtInsight-20141111.pdf  (1.2mb)

24 October 2014 Bonds

Bond Market Insight

New challenges and risks

This year began with tremendous geo-global and domestic political volatility which immediately had an impact on the debt policy and financial situation in Ukraine. The reinstatement of the Ukrainian g ...

ICUDebtInsight-20141024.pdf  (494.3kb)

23 October 2014 Bonds

Metinvest

1H14 results solid, but Donbass conflict has yet to take its toll

Despite slipping revenues, EBITDA and balance sheet strengthen. Metinvest reported revenues down 8% YoY to US$6bn while EBITDA increased 29% YoY to US$1.6bn and net income increased 46% YoY to ...

ICUDebtInsight-20141022.pdf  (328.2kb)

23 October 2014 Bonds

Metinvest

1H14 results solid, but Donbass conflict has yet to take its toll

Despite slipping revenues, EBITDA and balance sheet strengthen. Metinvest reported revenues down 8% YoY to US$6bn while EBITDA increased 29% YoY to US$1.6bn and net income increased 46% YoY to ...

ICUDebtInsight-20141022.pdf  (328.2kb)

22 August 2014 Bonds

Bond Market Insight

Government bond auction results: Low demand at higher yields

Yesterday’s primary auction demonstrated the MoF’s readiness to meet market demand. Despite insufficient demand at yesterday's auction, the MoF did increase the cut-off interest rate on 2-year bonds b...

ICUDebtInsight-20140822.pdf  (335.6kb)

21 August 2014 Bonds

Bond Market Insight

VAT bonds: New yield guidelines

VAT-bonds with 5-year maturities with semiannual coupon payments and amortizations were in high demand by non-residents in 2004 and 2010 when similar bond offerings were issued. Although the MoF antic...

ICUDebtInsight-20140821-VAT.pdf  (210.7kb)