13 May 2015 Market Reviews

Daily Insight

MoF negotiations with creditors heats up

Yesterday, Interfax-Ukraine reported that a letter in its possession from the ad-hoc committee of Ukraine's external creditors stated “a lack of real work in regard to the restructuring proposals [fro ...

ICUDailyInsight-20150513.pdf  (784.2kb)

12 May 2015 Market Reviews

Daily Insight

Metinvest offers a revised solicitation to Eurobond holders

Last Thursday, Metinvest issued new consent solicitations to the holders of the company’s 2015, 2017 and 2018 Eurobonds after the previous solicitation was nullified when the prior vote assembly faile ...

ICUDailyInsight-20150512.pdf  (695.2kb)

8 May 2015 Market Reviews

Daily Insight

Liquidity continues to recover

Broader banking sector liquidity rose 3.92% yesterday, up UAH2.06bn to UAH54.58bn, including fund reallocations. Total CDs outstanding rose UAH2.96bn to UAH27.76bn while banks’ correspondent accounts ...

ICUDailyInsight-20150508.pdf  (762.7kb)

7 May 2015 Market Reviews

Daily Insight

Tariff hikes gravely impact monthly CPI data

Headline CPI in April rose 14.0% from the previous month, per official statistics agency reports, mainly due to a five-fold increase of the regulated tariff on natural gas which had been flat over the ...

ICUDailyInsight-20150507.pdf  (771.8kb)

6 May 2015 Market Reviews

Daily Insight

Metinvest’s production in 1Q15

Metinvest announced yesterday that its crude steel production declined 4% QoQ to 1.672mt in 1Q15, while the production of iron ore concentrate fell 12% QoQ to 7.449mt. At the same time, the company’s ...

ICUDailyInsight-20150506.pdf  (783.2kb)

5 May 2015 Market Reviews

Daily Insight

NBU supports liquidity

After about two weeks of providing no support through the end of April, the NBU purchased bonds last Tuesday and issued a large volume of loans to three banks last Wednesday, most likely to cover a po ...

ICUDailyInsight-20150505.pdf  (774.7kb)

30 April 2015 Market Reviews

Daily Insight

US dollar drops on weak 1Q results

Interfax reported that the NBU did not intervene into the narrow market. On a positive note, China and the NBU successfully extended the FX currency swap agreement. Although the US posted weak 1Q2015 ...

ICUDailyInsight-20150430.pdf  (722.6kb)

29 April 2015 Market Reviews

Daily Insight

Liquidity continues to decline

Broader banking sector liquidity fell UAH1.08bn to UAH55.31bn as funds were reallocated between banks’ correspondent accounts with the NBU and CDs and future debt repayments increased. Banks’ correspo ...

ICUDailyInsight-20150429.pdf  (730.4kb)