26 March 2014 Market Reviews

Daily Insight

Liquidity reallocation; YTMs fall; Primary auction results; UAH falls to 11/USD

Although Monday’s increase in ON CDs outstanding sold by the NBU caused a significant decline in banks’ correspondent accounts with the NBU, the increase in debt repayments scheduled for the next 30 d...

ICUDailyInsight-20140326.pdf  (799.7kb)

25 March 2014 Market Reviews

Daily Insight

Liquidity down; YTMs move slightly; Auction announcement; UAH weakens further; Gas price may rise

Yuriy Prodan, Ukraine’s Minister of Fuel and Energy, stated that the price of Russian gas for Ukraine will be US$386-387/Mcm, provided that the Russia-Ukraine agreement concluded in Kharkiv in 2010 is...

ICUDailyInsight-20140325.pdf  (813.8kb)

24 March 2014 Market Reviews

Daily Insight

Liquidity up before tax payments; YTMs decline; UAH weakens further

Tax payments began last Friday, and liquidity significantly rose beforehand. Broader banking sector liquidity rose UAH3.99bn to UAH38.51bn last Friday as banks’ correspondent accounts with the NBU ros...

ICUDailyInsight-20140324.pdf  (798.3kb)

21 March 2014 Market Reviews

Daily Insight

Liquidity down; YTMs down; UAH hits two-week low; MoF plans to raise subsoil taxes

In a new taxation law draft, the Ministry of Finance proposes to increase subsoil tax rates for mining coking coal from 0.4% to 3%, anthracite from 0.5% to 2%, steam coal from 0.4% to 1.5%, as Interfa...

ICUDailyInsight-20140321.pdf  (804.3kb)

20 March 2014 Market Reviews

Daily Insight

Liquidity falls further; YTMs down slightly; UAH weakens further

Banks’ correspondent accounts with the NBU declined UAH1.71bn to UAH26.05bn yesterday while total CDs outstanding rose UAH0.57bn to UAH5.23bn. Total local currency debt repayments scheduled for the ne...

ICUDailyInsight-20140320.pdf  (798.6kb)

19 March 2014 Market Reviews

Daily Insight

Liquidity down further; YTMs volatile; Auction results; UAH breaks 10/USD ceiling

Banks’ correspondent accounts with the NBU declined UAH0.47bn to UAH27.76bn yesterday and total CDs outstanding also declined UAH0.49bn to UAH4.66bn. Total local currency debt repayments scheduled for...

ICUDailyInsight-20140319.pdf  (805.4kb)

18 March 2014 Market Reviews

Daily Insight

Metinvest’s EBITDA up; Crimea vote; UAH little changed; Liquidity down; Auction announcement

Metinvest increased its EBITDA by 15% YoY to US$2.291bn in 2013, according to its update released yesterday. The company’s net revenues grew 2% YoY to US$12.807bn and capex slid 2% YoY to US$747m. As ...

ICUDailyInsight-20140318.pdf  (830.2kb)

18 March 2014 Market Reviews

Daily Insight

Metinvest’s EBITDA up; Crimea vote; UAH little changed; Liquidity down; Auction announcement

Following Sunday's illegitimate referendum in the Crimean vote, Ukraine and Russia remain in a bitter stand-off over the future relationship. The Kremlin's step to manipulate and threaten Ukrainian so...

ICUDailyInsight-20140318.pdf  (830.2kb)