Market Surveys

18 September 2014 Market Reviews

Daily Insight

Liquidity up on reallocations

Banking sector liquidity continued to rise yesterday on the reallocation of funds. Banks' correspondent accounts with the NBU slid UAH0.13bn to UAH33.31bn, while total CDs outstanding rose UAH1.01bn t ...

ICUDailyInsight-20140918.pdf  (681.6kb)

17 September 2014 Market Reviews

Daily Insight

EU agreements and peace bill passed

Ukraine 's politics adopted groundbreaking legislation yesterday. Although the EU association agreement was successfully ratified, the cease-fire bill met much more opposition but was finally approved ...

ICUDailyInsight-20140917.pdf  (731.9kb)

17 September 2014 Market Reviews

Bond Market Insight

Insufficient FX proceeds

After several failed auctions of similar 2-year USD-denominated bond offerings since January, US$8.0m of these bonds were sold at 8.10%, just 10bp higher than that for US$200.0m (par value) in 12-mont ...

ICUDebtInsight-20140917.pdf  (339.7kb)

16 September 2014 Market Reviews

Daily Insight

New CAD200m loan approved

The MoF will offer two 2-year bonds today, one of which will be denominated in US dollars. Two weeks ago, local currency bonds were sold at 16.50%, while USD-denominated bonds were last sold at the en ...

ICUDailyInsight-20140916.pdf  (785.9kb)

16 September 2014 Market Reviews

Bond Market Insight

Under the pressure

The last several weeks have been filled with negative anticipation of the embroiled conflict in eastern Ukraine, uncertain and postponed gas talks with Russia, and increasing uncertainty in regard to ...

ICUDebtInsight-20140916.pdf  (1.2mb)

16 September 2014 Market Reviews

Bond Market Insight

Привлечено немного валюты

Сегодня, спустя почти два месяца Минфин разместил валютные ОВГЗ, тогда как предыдущие три размещения не получали ни одной заявки на их покупку. И это было первое в этом году размещение 2-летних валютн ...

ICUDebtInsight-20140916-Rus.pdf  (427.5kb)

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)