26 March 2014 Bonds

Bond Market Insight

Government bond auction results: No real demand

After last week’s two indicative bids at insufficient volumes, yesterday’s auction was anticipated to have more bids at higher volumes. However, the MoF received no bids at yesterday’s auction which w...

ICUDebtInsight-20140326.pdf  (335.6kb)

25 March 2014 Bonds

Bond Market Insight

Результаты аукциона по продаже ОВГЗ: Реальный спрос продолжает отсутствовать

После того, как на прошлой неделе присутствовали пусть индикативные, но реальные заявки, сегодня можно было ожидать увеличение их количества и объёмов, однако сегодняшний аукцион принёс совершенно ину...

ICUDebtInsight-20140325-Rus.pdf  (428.2kb)

24 March 2014 Bonds

Bond Market Insight

Weekly review: Ambiguous movements after the referendum

The crisis in Crimea had new results a week ago. The referendum for the peninsula to become a part of Russia was not acknowledged by most of the world. As no military conflict arose between the two...

ICUDebtInsight-20140324.pdf  (1.3mb)

19 March 2014 Bonds

Bond Market Insight

Government bond auction results: Trial market bids

Following last week’s increase in the cut-off interest rate for 3-month bonds, the MoF tested the market at yesterday’s auction to determine the real market interest rate. Of the five bonds o...

ICUDebtInsight-20140319.pdf  (365.5kb)

19 March 2014 Bonds

Metinvest

FY13 trading update: EBITDA exceeds guidance

Despite slipping sales, higher profitability supported EBITDA. According to its FY13 trading update released on Monday, Metinvest reported revenues up 2% YoY to US$12.807bn while EBITDA increas...

ICUDebtInsight-20140319.pdf  (365.5kb)

18 March 2014 Bonds

Bond Market Insight

Результаты аукциона по продаже ОВГЗ: Проба рыночных заявок

Сегодняшний аукцион стал для Минфина пробой увидеть реакцию рынка на повышение доходности на прошлой неделе и попробовать привлечь рыночный спрос. Данный эксперимент позволил увидеть уровни доходносте...

ICUDebtInsight-20140318-Rus.pdf  (429.3kb)

17 March 2014 Bonds

Bond Market Insight

Weekly review: Week of political issues

Ukraine remained under the pressure of crisis in Crimea but a lot of positive news took place last week. Ukrainian Prime Minister A.Yatseniuk had an official visit to the US to reach a financial su...

ICUDebtInsight-20140317.pdf  (1.3mb)

13 March 2014 Bonds

Bond Market Insight

Government bond auction results: Compensation of budget sources

After Tuesday’s failed primary auction, at which the MoF received no bids even with the routine support of domestic QE, yesterday’s unscheduled auction was expected. Most notably, the MoF bro...

ICUDebtInsight-20140313.pdf  (345.5kb)