6 August 2014 Bonds

Bond Market Insight

Government bond auction results: No market demand

The MoF received only one small bid of UAH10.0m (par value) for the 2-year bond at yesterday’s primary auction. Although the interest rate was the routine 16.75% for this maturity, the MoF rejected th...

ICUDebtInsight-20140806.pdf  (333.5kb)

5 August 2014 Bonds

Bond Market Insight

Weekly review: New bond offerings, political situation stabilizes

Last week was marked by high volatility. On the one hand, the MoF issued two new domestic bonds, one of military bonds and the other was the second tranche of VAT bonds. On the other hand, the Euro...

ICUDebtInsight-20140805.pdf  (1.3mb)

5 August 2014 Bonds

Bond Market Insight

Результаты аукциона по продаже ОВГЗ: незначительный спрос не удовлетворён

Минфин получил только одну заявку на сегодняшний аукцион, на покупку 2-летней облигации. Однако объём спроса был настолько незначительным, что Министерство отказалось размещать облигации, даже учитыва...

ICUDebtInsight-20140805-Rus.pdf  (509.9kb)

30 July 2014 Bonds

Bond Market Insight

Результаты аукциона по продаже ОВГЗ: удовлетворены рыночные заявки

На вчерашнем аукционе Минфин предлагал четыре инструмента, со сроками обращения до девяти месяцев до пяти лет, но спросом пользовались все, кроме пятилетней облигации, на которую небыло подано ни одно...

ICUDebtInsight-20140730-Rus.pdf  (451.2kb)

30 July 2014 Bonds

Bond Market Insight

Government bond auction results: Moderate market demand

The MoF offered four bonds with maturities from nine months to five years at yesterday’s primary auction. All but the 5-year bond received moderate market demand. Of the five bids that attra...

ICUDebtInsight-20140730.pdf  (336.8kb)

28 July 2014 Bonds

Bond Market Insight

Weekly review: Political issues and domestic QE

The Ukrainian government’s resignation last week following a political crisis in the Ukrainian Parliament reignited negative anticipations on Ukrainian debt. As a result, YTMs increased and the loc...

ICUDebtInsight-20140728.pdf  (1.3mb)

24 July 2014 Bonds

Bond Market Insight

Government bond auction results: Part of FX repayments was refinanced

Yesterday’s primary auction was planned for Wednesday, most likely because funds paid on FX-denominated bond redemptions were due in investors’ accounts yesterday. This was the US$294m redemption of 1...

ICUDebtInsight-20140724.pdf  (341.6kb)

23 July 2014 Bonds

Bond Market Insight

Government bond auction results: Successful sale of local currency bonds

The MoF sold all three offered bonds, accepting all seven submitted bids at yesterday's primary auction, providing surplus reserves for current budget needs. Although the MoF rejected UAH20.0...

ICUDebtInsight-20140723.pdf  (341.6kb)