15 September 2014 Market Reviews

Daily Insight

DTEK 1H14 EBITDA down 6% YoY

Although DTEK reported that revenues from sales grew 20% YoY to US$4.3bn in its 1H14 financial results announcement last Thursday, EBITDA declined 4% YoY to US$829m and the company lost US$738m versus ...

ICUDailyInsight-20140915.pdf  (789.8kb)

12 September 2014 Market Reviews

Daily Insight

Sanctions push Eurobond YTMs lower

Banks’ correspondent accounts with the NBU rose UAH1.28bn to UAH31.03bn yesterday after injections from the NBU and the MoF. Total CDs outstanding slid UAH0.08bn to UAH12.70bn while total local curren ...

ICUDailyInsight-20140912.pdf  (771.5kb)

11 September 2014 Market Reviews

Daily Insight

YTMs increase; UAH stays at 13/USD

Broader banking sector liquidity slightly rose yesterday on fund reallocations. The broader indicator rose UAH0.27bn to UAH49.24bn while banks’ correspondent accounts with the NBU recovered UAH0.73bn ...

ICUDailyInsight-20140911.pdf  (784.1kb)

10 September 2014 Market Reviews

Daily Insight

Failed primary auction; UAH holds steady

Banks’ correspondent accounts with the NBU declined slightly UAH0.64bn to UAH29.02bn yesterday as the NBU absorbed some funds via CDs, increased total CDs outstanding UAH0.85bn to UAH13.23bn. At the s ...

ICUDailyInsight-20140910.pdf  (776.3kb)

9 September 2014 Market Reviews

Daily Insight

Liquidity down; Govt bond acution announced

Per the schedule, the MoF today will offer only the 2-year bond maturing in August 2016. Last sold in two previously held auctions, one in August and the other last week at which the MoF decreased the ...

ICUDailyInsight-20140909.pdf  (718.5kb)

8 September 2014 Market Reviews

Daily Insight

Highly fragile ceasefire holding

Over the weekend in Donbass, pro-Kremlin militants, allegedly supported by the Russian army, made numerous attempts to elicit counterattacks from the Ukrainian army to cause the fragile ceasefire to b ...

ICUDailyInsight-20140908.pdf  (775.3kb)

8 September 2014 Market Reviews

Bond Market Insight

Military bonds re-opening

The MoF sold UAH21.25m (par value) “military” bonds last Thursday at the standard 7.00% rate. While these bonds have not been offered in three weeks, yesterday’s auction was not very active and attrac ...

ICUDebtInsight-20140908.pdf  (345kb)

5 September 2014 Market Reviews

Daily Insight

Scepticism over Minsk peace talks

The reconvened peace talks in Minsk are unlikely to result in a lasting accord today. Although leaders of the pro-Kremlin militants who have fortified the Donbass region with the help of Russian regul ...

ICUDailyInsight-20140905.pdf  (793.5kb)