17 November 2014
Market Reviews
Daily Insight
Authorities evaluate new measures to tighten the FX market
The FX market remains largely driven by devaluation expectations as war with pro-Kremlin militants and the Russian army appears to be inevitable. Russian President Putin was coldly received by his cou ...
ICUDailyInsight-20141117.pdf (673.2kb)
14 November 2014
Market Reviews
Daily Insight
Hryvnia steady as focus is on politics
The following factors weighed on the hryvnia over the past day. First, yesterday the NBU exercised its promise to stem devaluation pressure on the currency. Second, aside from raising the key rate by ...
ICUDailyInsight-20141114.pdf (671.2kb)
13 November 2014
Market Reviews
Daily Insight
Unscheduled primary auction
The MoF held an unscheduled auction yesterday in which it offered the 2-year bond which was withdrawn from Tuesday’s auction. Paltry demand of UAH5.98m (par value) at the routine rate of 16.52% was ac ...
ICUDailyInsight-20141113.pdf (781.3kb)
13 November 2014
Market Reviews
Bond Market Insight
Незначительные привлечения
Отменив предложение 2-летних облигаций во вторник, Минфин решил всё же предложить эту облигацию рынку, проведя аукцион в среду с оплатой в четверг. Однако вчерашний аукцион был достаточно специфически ...
ICUDebtInsight-20141113-Rus.pdf (427.2kb)
13 November 2014
Market Reviews
Bond Market Insight
Raised insufficient proceeds
After having withdrawn the 2-year bonds from Tuesday’s auction, the MoF decided to offer this bond yesterday with a purchasing date today. In contrast to other auctions held earlier this year, yesterd ...
ICUDebtInsight-20141113.pdf (344.3kb)
12 November 2014
Market Reviews
Daily Insight
UAH plummets
The hryvnia plummeted 6.71% to 15.8500/USD just one day after the NBU announced an agreed upon guidance to 15-16/USD. While the market psychologically appears eager for the rate to decline even furthe ...
ICUDailyInsight-20141112.pdf (728.3kb)
12 November 2014
Market Reviews
Bond Market Insight
UAH1.51bn raised
After raising significant proceeds last week, the MoF removed the 2-year and 5-year bond offerings from the schedule and offered only the 10-year local currency bond. As usual, this auction received o ...
ICUDebtInsight-20141112.pdf (291.7kb)
11 November 2014
Market Reviews
Daily Insight
FUIB to restructure its Eurobonds
FUIB has offered its bondholders to restructure its US$252m 11% bond due December 31, 2014. As anticipated, the bank’s proposition followed Eurobond restructurings offered by other companies that belo ...
ICUDailyInsight-20141111.pdf (729.1kb)