22 January 2015 Market Reviews

Daily Insight

Donbas war continues

Social media sources report that 37 Ukrainian soldiers were killed during Russian army supported military attacks at Donetsk airport yesterday. In a speech delivered to world leaders in Davos, Preside ...

ICUDailyInsight-20150122.pdf  (724.3kb)

21 January 2015 Market Reviews

Daily Insight

Donbas war escalates

Military fighting between the Ukrainian army and the combined pro-Russia militants and Russian army forces escalated in the city of Donetsk city over the past few days. Clashes reportedly rose visibly ...

ICUDailyInsight-20150121.pdf  (770.8kb)

20 January 2015 Market Reviews

Daily Insight

Ferrexpo announces Eurobond exchange

Yesterday, Ferrexpo (FXPO LN; US$2.52; Buy; TP US$4.48) offered to exchange its existing Eurobonds on a par for par basis for new notes maturing in April 2019 that carry a 10.375% coupon with 50% amor ...

ICUDailyInsight-20150120.pdf  (777.7kb)

19 January 2015 Market Reviews

Daily Insight

NBU governor's speech to parliament

On Friday, the NBU governor, in response to recent allegations of mismanagement of FX, spoke to parliament about the current situation with the hryvnia, inflation and the banking sector. While some MP ...

ICUDailyInsight-20150119.pdf  (782.2kb)

17 January 2015 Market Reviews

Bond Market Insight

Short-term financing increase

The MoF held a second unscheduled auction for the week, offering the same 3-month bonds as were sold at the first unscheduled auction held on Thursday. Maturing on 1 April, 2015, the MoF sold UAH3.23b ...

ICUDebtInsight-20150117.pdf  (342.6kb)

16 January 2015 Market Reviews

Daily Insight

Liquidity down significantly

Broader banking sector liquidity fell UAH3.08bn to UAH58.82bn yesterday after setting a record high on Wednesday. Banks’ correspondent accounts with the NBU fell UAH3.34bn to UAH31.10bn and total loca ...

ICUDailyInsight-20150116.pdf  (772.6kb)

16 January 2015 Market Reviews

Bond Market Insight

Successful auction

Yesterday’s unscheduled primary auction not only covered Wednesday’s debt repayments but also provided additional funds. Following Tuesday’s rejected demand for 6-month bonds at rates of 19-20%, the M ...

ICUDebtInsight-20150116.pdf  (346.1kb)

16 January 2015 Market Reviews

Bond Market Insight

Краткосрочное финансирование

Сегодня Минфин провёл ещё один аукцион, который не предусматривался в изначальном графике размещений ОВГЗ, и предложил рынку те же самые облигации, что были размещены вчера. Это облигации с погашением ...

ICUDebtInsight-20150116-Rus.pdf  (428.5kb)