8 June 2015 Market Reviews

Daily Insight

New debt restructuring talks fail

Talks between MoF advisors with an ad hoc committee of creditors failed to make progress. While the MoF reiterated the need for the creditors to negotiate a debt restructuring consistent with the EFF ...

ICUDailyInsight-20150608.pdf  (729.9kb)

5 June 2015 Market Reviews

Daily Insight

IMF makes a bold request to the US

Yesterday, the IMF issued a statement on the US economy (http://www.imf.org/external/np/ms/2015/060415.htm), which, in our view, is likely to have implications on a number of global economies, includi ...

ICUDailyInsight-20150605.pdf  (757.7kb)

4 June 2015 Market Reviews

Daily Insight

Over-regulated FX market withstands breach of Minsk 2

As feared, pro-Kremlin militants and Russian army units launched an offensive attack on the small town ...

ICUDailyInsight-20150604.pdf  (771.9kb)

3 June 2015 Market Reviews

Daily Insight

Metinvest 2015 Eurobond restructuring postponed

Metinvest announced yesterday the results of bondholder meetings to vote on reviewing the terms of the company’s 2015, 2017 and 2018 Eurobonds. While the extraordinary resolutions to restructure the 2 ...

ICUDailyInsight-20150603.pdf  (779.9kb)

2 June 2015 Market Reviews

Daily Insight

Restructuring talks heat up

The Ukrainian government is accelerating negotiations with bondholders this week, which began as early as yesterday between both sides and should finally resulted in a conference call scheduled for Fr ...

ICUDailyInsight-20150602.pdf  (652.3kb)

29 May 2015 Market Reviews

Daily Insight

Investments in 1Q; labor market in April

Fixed investments in 1Q15 dropped 14.8% YoY, excluding Crimea and the occupied enclaves of the Donetsk and Luhansk oblasts. Of the 25 regional units of the country, which consists of 24 oblasts and th ...

ICUDailyInsight-20150529.pdf  (785.6kb)

28 May 2015 Market Reviews

Daily Insight

UAH regains some ground under NBU guidance

According to Interfax-Ukraine, the NBU intervened yesterday, buying dollars at 21/USD and selling at 23/USD. At the close, the hryvnia's weighted-average rate increased 1.78% to 21.0413/USD, while Blo ...

ICUDailyInsight-20150528.pdf  (764.4kb)

27 May 2015 Market Reviews

Daily Insight

Ukraine issues new US-backed bond

The new US-backed bond issue announced a month ago, following guarantee agreements signed earlier this month, was completed yesterday at a 32bp spread to the benchmark at a 1.847% yield. Last year, Uk ...

ICUDailyInsight-20150527.pdf  (766.1kb)