25 March 2015 Market Reviews

Daily Insight

DTEK announces its restructuring offer

Yesterday, DTEK announced its offer to exchange its US$200m in outstanding Eurobonds with a 9.50% coupon due 28 April 2015 for US$200 cash per Eurobond and up to US$170m of new notes with a 10.375% co ...

ICUDailyInsight-20150325.pdf  (779.7kb)

24 March 2015 Market Reviews

Daily Insight

UAH: Volatile session, real TWI down

The hryvnia was quite volatile as the rate swung between 21.7 and 23.3 in trading yesterday as it closed down 3.19% on volume of US$124.40m. In trade-weighted terms, the hryvnia lost 3.92points. This ...

ICUDailyInsight-20150324.pdf  (719.7kb)

23 March 2015 Market Reviews

Daily Insight

UAH pauses

The hryvnia increased 6.10% on US$163.24m in trading last Friday, possibly supported last week by the pause in the US dollar that after the unprecedented several month rally that began in July. The g ...

ICUDailyInsight-20150323.pdf  (769kb)

20 March 2015 Market Reviews

Daily Insight

UAH stops two day decline

After declining 7% in total over the past two days, the hryvnia took a pause yesterday and moved up by just 0.32% yesterday, possibly in reaction to the volatile reaction that the market had the US Fe ...

ICUDailyInsight-20150320.pdf  (780.2kb)

19 March 2015 Market Reviews

Daily Insight

UAH weakens visibly

The hryvnia slid 4.80% as negative sentiment gained momentum. However, late night news of the US Fed’s decision caused equities and the euro to rally. The USD index dropped 1.04% as equities and UST b ...

ICUDailyInsight-20150319.pdf  (783kb)

18 March 2015 Market Reviews

Daily Insight

Parliament passes bill on Donbas

Yesterday, the Ukrainian parliament passed the bill mandated by the ceasefire agreement reached in Minsk this February requiring Ukraine to grant special status to the regions currently occupied by pr ...

ICUDailyInsight-20150318.pdf  (789.4kb)

17 March 2015 Market Reviews

Daily Insight

UAH hovers at 21.7/USD

The hryvnia continues to hover at 21.7/USD, which authorities appear to approve. It is being referenced in the state budget law as well as in the IMF staff report issued to accompany the recently adop ...

ICUDailyInsight-20150317.pdf  (729.4kb)

16 March 2015 Market Reviews

Daily Insight

Restructuring details announced

Last Friday, the MoF presented the new EFF program from the IMF via a webinar and provided some guidance about the current debt restructuring under negotiation. According to the MoF, the government an ...

ICUDailyInsight-20150316.pdf  (766.1kb)