18 March 2015 Market Reviews

Daily Insight

Parliament passes bill on Donbas

Yesterday, the Ukrainian parliament passed the bill mandated by the ceasefire agreement reached in Minsk this February requiring Ukraine to grant special status to the regions currently occupied by pr ...

ICUDailyInsight-20150318.pdf  (789.4kb)

17 March 2015 Market Reviews

Daily Insight

UAH hovers at 21.7/USD

The hryvnia continues to hover at 21.7/USD, which authorities appear to approve. It is being referenced in the state budget law as well as in the IMF staff report issued to accompany the recently adop ...

ICUDailyInsight-20150317.pdf  (729.4kb)

16 March 2015 Market Reviews

Daily Insight

Restructuring details announced

Last Friday, the MoF presented the new EFF program from the IMF via a webinar and provided some guidance about the current debt restructuring under negotiation. According to the MoF, the government an ...

ICUDailyInsight-20150316.pdf  (766.1kb)

16 March 2015 Market Reviews

Daily Insight

Restructuring details announced

Last Friday, the MoF presented the new EFF program from the IMF via a webinar and provided some guidance about the current debt restructuring under negotiation. According to the MoF, the government an ...

ICUDailyInsight-20150316.pdf  (803.6kb)

13 March 2015 Market Reviews

Daily Insight

Liquidity slightly increases

Broader banking sector liquidity slightly rose UAH0.82bn to UAH60.05bn yesterday as the NBU’s absorption of extra liquidity caused total CDs outstanding to increase UAH1.14bn to UAH18.62bn. Meanwhile, ...

ICUDailyInsight-20150313.pdf  (728.4kb)

12 March 2015 Market Reviews

Daily Insight

IMF approves US$17bn 4-year program

The IMF approved the new four-year US$17bn financial assistance program yesterday. Donors are expected to contribute alongside private lenders involved in the Eurobond debt restructuring. With restruc ...

ICUDailyInsight-20150312.pdf  (770.6kb)

11 March 2015 Market Reviews

Daily Insight

UAH strengthens ahead of IMF meeting

Yesterday, Ukraine's eurobonds rallied in anticipation of the IMF decision to issue US$4-5bn in EFF funds by the end of this week. The hryvnia strengthened from about 25-27/USD last week toward ___/US ...

ICUDailyInsight-20150311.pdf  (783.4kb)

11 March 2015 Market Reviews

Bond Market Insight

Auction of 2-year bonds fails

Yesterday’s auction failed yet again as the MoF offered 2-year local currency bonds for the second consecutive week. Consequently, the MoF will have to use budget revenues to fulfil domestic debt repa ...

ICUDebtInsight-20150311.pdf  (333.2kb)