29 April 2016 Market Reviews

Daily Insight

Restructuring near the end

According to the recent Cabinet of Ministers resolutions, Ukraine is near the end of restructuring transactions and completing the sovereign debt restructuring announced more than a year ago. The MoF ...

ICUDailyInsight-20160429.pdf  (778.4kb)

28 April 2016 Market Reviews

Daily Insight

Liquidity down

Despite the NBU’s injections via the FX market, liquidity declined due to month-end tax payments and should continue to fall as they continue. Liquidity could continue to fall significantly due to rec ...

ICUDailyInsight-20160428.pdf  (788.7kb)

28 April 2016 Market Reviews

Bond Market Insight

Under pressure of anticipations

After UAH2.8bn of 3-year bonds sold on Tuesday, the MoF announced an additional auction of the offering. Although the MoF anticipated bids to be rejected on Tuesday due to the high level of interest r ...

ICUDebtInsight-20160428.pdf  (336.9kb)

27 April 2016 Market Reviews

Daily Insight

Fund accumulations

Banks continued to accumulate funds at banks’ correspondent accounts with the NBU, increasing this indicator by UAH0.83bn to UAH43.52bn yesterday, the largest amount since mid-February 2016, most like ...

ICUDailyInsight-20160427.pdf  (726kb)

27 April 2016 Market Reviews

Bond Market Insight

Interest rates down

Last week’s reduction of the CD and NBU key interest rates should not have an impact on the primary bond market. Moreover, yesterday's demand for government bonds exceeded that seen at all previous au ...

ICUDebtInsight-20160427.pdf  (342.7kb)

27 April 2016 Market Reviews

Bond Market Insight

Под давлением ожиданий

Доразместив вчера 3-летние облигации на сумму 2.80 млрд гривень по средневзвешенной ставке 18.44%, Минфин объявил на сегодня внеплановый аукцион с размещением новой 3-летней гривневой облигации, скоре ...

ICUDebtInsight-20160427-Rus.pdf  (459.1kb)

26 April 2016 Market Reviews

Daily Insight

Reallocation of funds

Although the NBU sold UAH19.03bn of new CDs last Friday, total CDs outstanding declined UAH2.57bn to UAH59.98bn yesterday as banks’ correspondent accounts with the NBU rose UAH2.48bn to UAH42.69bn. Th ...

ICUDailyInsight-20160426.pdf  (761.4kb)

26 April 2016 Market Reviews

Bond Market Insight

Ставки пошли вниз

Снижение на прошлой неделе Национальным банком учётной ставки и ставок по депозитным сертификатам не могло не отразиться на первичном рынке, и сегодня спрос на ОВГЗ превысил предыдущие объёмы этого го ...

ICUDebtInsight-20160426-Rus.pdf  (459.6kb)