23 September 2014 Market Reviews

Daily Insight

Key economic sector stats in August

According to official statistical reports on the key economic sectors released over the past week through yesterday, real GDP declined 2.9% YoY in 1H14, signalling a deepening recession, and it is exp ...

ICUDailyInsight-20140923.pdf  (753.5kb)

22 September 2014 Market Reviews

Daily Insight

Hryvnia pushed lower

At a FX auction on Friday held to fulfill at least some foreign currency demand amidst no supply. ...

ICUDailyInsight-20140922.pdf  (683.2kb)

19 September 2014 Market Reviews

Daily Insight

Industrial production plummets in August

Because of the war in Donbass, particularly in the Luhansk and Donetsk oblasts, industrial production in August sharply contracted 12.7% MoM and 21.4% YoY. ...

ICUDailyInsight-20140919.pdf  (676.2kb)

18 September 2014 Market Reviews

Daily Insight

Liquidity up on reallocations

Banking sector liquidity continued to rise yesterday on the reallocation of funds. Banks' correspondent accounts with the NBU slid UAH0.13bn to UAH33.31bn, while total CDs outstanding rose UAH1.01bn t ...

ICUDailyInsight-20140918.pdf  (681.6kb)

17 September 2014 Market Reviews

Daily Insight

EU agreements and peace bill passed

Ukraine 's politics adopted groundbreaking legislation yesterday. Although the EU association agreement was successfully ratified, the cease-fire bill met much more opposition but was finally approved ...

ICUDailyInsight-20140917.pdf  (731.9kb)

17 September 2014 Market Reviews

Bond Market Insight

Insufficient FX proceeds

After several failed auctions of similar 2-year USD-denominated bond offerings since January, US$8.0m of these bonds were sold at 8.10%, just 10bp higher than that for US$200.0m (par value) in 12-mont ...

ICUDebtInsight-20140917.pdf  (339.7kb)

16 September 2014 Market Reviews

Daily Insight

New CAD200m loan approved

The MoF will offer two 2-year bonds today, one of which will be denominated in US dollars. Two weeks ago, local currency bonds were sold at 16.50%, while USD-denominated bonds were last sold at the en ...

ICUDailyInsight-20140916.pdf  (785.9kb)

16 September 2014 Market Reviews

Bond Market Insight

Under the pressure

The last several weeks have been filled with negative anticipation of the embroiled conflict in eastern Ukraine, uncertain and postponed gas talks with Russia, and increasing uncertainty in regard to ...

ICUDebtInsight-20140916.pdf  (1.2mb)