19 March 2014 Market Reviews

Daily Insight

Liquidity down further; YTMs volatile; Auction results; UAH breaks 10/USD ceiling

Banks’ correspondent accounts with the NBU declined UAH0.47bn to UAH27.76bn yesterday and total CDs outstanding also declined UAH0.49bn to UAH4.66bn. Total local currency debt repayments scheduled for...

ICUDailyInsight-20140319.pdf  (805.4kb)

18 March 2014 Market Reviews

Daily Insight

Metinvest’s EBITDA up; Crimea vote; UAH little changed; Liquidity down; Auction announcement

Metinvest increased its EBITDA by 15% YoY to US$2.291bn in 2013, according to its update released yesterday. The company’s net revenues grew 2% YoY to US$12.807bn and capex slid 2% YoY to US$747m. As ...

ICUDailyInsight-20140318.pdf  (830.2kb)

18 March 2014 Market Reviews

Daily Insight

Metinvest’s EBITDA up; Crimea vote; UAH little changed; Liquidity down; Auction announcement

Following Sunday's illegitimate referendum in the Crimean vote, Ukraine and Russia remain in a bitter stand-off over the future relationship. The Kremlin's step to manipulate and threaten Ukrainian so...

ICUDailyInsight-20140318.pdf  (830.2kb)

17 March 2014 Market Reviews

Daily Insight

Liquidity up; YTMs volatile; UAH stays flat

Banks’ correspondent accounts with the NBU rose UAH1.60bn to UAH30.23bn, the highest level this month and just slightly lower than this year’s record seen in January. This increase was partially suppo...

ICUDailyInsight-20140317.pdf  (785.6kb)

14 March 2014 Market Reviews

Daily Insight

Liquidity down on reallocations; YTMs diverge; UAH slides dramatically

Banking sector liquidity yesterday slightly declined as broader banking sector liquidity fell UAH1.09bn to UAH37.81bn after the NBU absorbed UAH2.12bn in MoF domestic debt redemptions and interest rep...

ICUDailyInsight-20140314.pdf  (796.9kb)

13 March 2014 Market Reviews

Daily Insight

Liquidity up; YTMs rise further; Primary auction; New VAT bonds considered; UAH to weaken further; Ferrexpo reports

Broader banking sector liquidity rose a significant UAH4.36bn to UAH38.90bn yesterday after banks’ correspondent accounts with the NBU rose UAH2.20bn to UAH29.65bn and total CDs outstanding rose UAH2....

ICUDailyInsight-20140313.pdf  (832.6kb)

12 March 2014 Market Reviews

Daily Insight

Liquidity up on NBU injection; YTMs rise on Crimean crisis; Primary auction results; UAH suspiciously stable

Banks’ correspondent accounts with the NBU rose a significant UAH2.49bn to UAH27.45bn while total CDs outstanding fell a similar UAH2.48bn to UAH0.95bn and total local-currency debt repayments schedul...

ICUDailyInsight-20140312.pdf  (803.3kb)

11 March 2014 Market Reviews

Daily Insight

Liquidity down; YTMs rise on Crimea; Primary auction announcement: UAH steady near 9/USD

Banking sector liquidity continued to decline last Friday prior to the three-day weekend. Banks’ correspondent accounts with the NBU slid UAH0.08bn to UAH24.96bn while total CDs outstanding declined U...

ICUDailyInsight-20140311.pdf  (665.2kb)