Market Surveys

10 February 2016 Market Reviews

Bond Market Insight

Different views and anticipations

Last week the NBU decided withdraw their scheduled 3-month CD offering to banks, possibly after consulting the MoF in regard to activating the primary market. However, although the MoF updated its auc ...

ICUDebtInsight-20160210.pdf  (293kb)

10 February 2016 Market Reviews

Bond Market Insight

Доразмещение 3-летних облигаций

Размещая по средам 2-летние и 3-летние облигации, Минфин собирает более существенные объёмы спроса, с уровнями доходности приемлемыми для бюджета. Не исключением стал и сегодняшний аукцион, на котором ...

ICUDebtInsight-20160210-Rus.pdf  (461kb)

9 February 2016 Market Reviews

Daily Insight

Metinvest’s 4Q steel production down 18% QoQ

Metinvest announced yesterday that its crude steel production dropped 18% QoQ to 1.7mt in 1Q15 while production of iron ore concentrate stayed flat at 8.2mt. At the same time, the company’s output of ...

ICUDailyInsight-20160209.pdf  (788.5kb)

9 February 2016 Market Reviews

Bond Market Insight

Ожидания не совпадают

Нацбанк на прошлой неделе принял решение отказаться от дальнейшего предложения банкам 3-месячных депсертификатов, что связано с активизацией Минфина на первичном рынке. В ответ на этот шаг, Минфин рас ...

ICUDebtInsight-20160209-Rus.pdf  (463.6kb)

8 February 2016 Market Reviews

Daily Insight

Primary auction announcement

The MoF updated its primary auction schedule, added 3-month bond offerings in February, and will offer today five local currency bonds with maturities from 91 days to 1.5-years. There will be primary ...

ICUDailyInsight-20160208.pdf  (678.3kb)

5 February 2016 Market Reviews

Daily Insight

Banks prefer longer term CDs

Banking sector liquidity remains steady, up UAH0.49bn to UAH119.27bn yesterday. Banks' correspondent accounts with the NBU rose UAH0.21bn to UAH38.55bn while total CDs outstanding was up UAH0.28bn to ...

ICUDailyInsight-20160205.pdf  (676.1kb)

4 February 2016 Market Reviews

Daily Insight

Liquidity down slightly

Liquidity once more was reallocated to CDs as banks' correspondent accounts with the NBU declined UAH0.98bn to UAH38.33bn while total CDs outstanding rose UAH0.73bn to UAH80.45bn yesterday. Banking se ...

ICUDailyInsight-20160204.pdf  (672.6kb)

4 February 2016 Market Reviews

Bond Market Insight

MoF places local currency bonds

Although we did not anticipate significant demand for the 2-year local currency bonds at yesterday's auction just following Tuesday's high volume of FX-denominated bonds seen on Tuesday, we saw UAH506 ...

ICUDebtInsight-20160204.pdf  (293.2kb)