8 July 2015 Market Reviews

Daily Insight

Oschadbank commences a consent solicitation

State-owned Oschadbank has formally offered its bondholders a proposal to restructure its 2016 and 2018 issues. June 30 is the deadline to submit votes, and the final results will be announced at a me ...

ICUDailyInsight-20150708.pdf  (779.6kb)

7 July 2015 Market Reviews

Daily Insight

June inflation moderating but still high

Last month, inflation moderated noticeably as month-on-month consumer prices rose just 0.4% following ...

ICUDailyInsight-20150707.pdf  (725kb)

6 July 2015 Market Reviews

Daily Insight

Primary auction schedule in July

Per the auction schedule published last week, the MoF will offer only two bonds this month. Next week, the MoF will offer a 2-year local currency bond, and on July 21, it will offer a 12-month USD-de ...

ICUDailyInsight-20150706.pdf  (772.1kb)

3 July 2015 Market Reviews

Daily Insight

Parliament passes compulsory FX loan conversion

The Ukrainian parliament adopted a bill that requires banks to convert retail FX loans into hryvnia. The latest version stipulates that all FX loans, not just mortgages, to be converted at the UAH/USD ...

ICUDailyInsight-20150703.pdf  (728.8kb)

2 July 2015 Market Reviews

Daily Insight

Banks pass the 2014 stress test targets

The NBU announced that the banks that were obliged to raise additional capital in response to the 2014 stress test have successfully achieved the target. Apart from the two insolvent banks, namely Nad ...

ICUDailyInsight-20150702.pdf  (744kb)

1 July 2015 Market Reviews

Daily Insight

State budget: Primary balance improves

The latest state budget for January-May showed indicates that there could be a primary surplus for most of this year. The trailing 12-month data shows that the consolidated budget balance was a negati ...

ICUDailyInsight-20150701.pdf  (757kb)

30 June 2015 Market Reviews

Daily Insight

Privatbank formally proposes restructuring

Ukraine’s largest bank, Privatbank, sent its bondholders a proposal to extend the maturities of two bonds that are about to mature: for the US$200m September 2015 9.375% bond, the bank requests a thre ...

ICUDailyInsight-20150630.pdf  (651.9kb)

26 June 2015 Market Reviews

Daily Insight

Russia debt controversy still unresolved

The classification of the US$3bn Russian Eurobond as official or private debt had another twist yesterday. During a press briefing at the IMF's Washington headquarters yesterday, Gerry Rise, an IMF sp ...

ICUDailyInsight-20150626.pdf  (717kb)