23 April 2014 Bonds

Bond Market Insight

Government bond auction results: Domestic QE provides sufficient funds

Yesterday’s auction was typical for a last few years, with significant demand from several participants at a below-market interest rate. Prior to this auction, the NBU purchased bonds from banks’ por...

ICUDebtInsight-20140423.pdf  (340.2kb)

16 April 2014 Bonds

Bond Market Insight

Government bond auction results: Partial refinancing of debt repayments

The MoF successfully sold only the 3-month bond offering yesterday, which was reopened after last week’s successful issuance, while the 9-month local currency and 3-month USD-denominated bonds receive...

ICUDebtInsight-20140416.pdf  (341.9kb)

15 April 2014 Bonds

Bond Market Insight

Результаты аукциона по продаже ОВГЗ: Рефинансирование части выплат

Сегодня Минфин успешно провёл лишь доразмещение 3-месячных ОВГЗ, которые размещались на прошлой неделе в среду, тогда как предложенные сегодня также 9-месячные гривневые и 3-месячные валютные облигаци...

ICUDebtInsight-20140415-Rus.pdf  (445.1kb)

14 April 2014 Bonds

Bond Market Insight

Weekly review: Negative anticipations prevail

Negative anticipations rose higher last week. The unstable political situation in Eastern Ukraine, the lack of real inflows, and the dramatic devaluation of the local currency were the primary caus...

ICUDebtInsight-20140414.pdf  (1.3mb)

10 April 2014 Bonds

Bond Market Insight

Government bond auction results: Additional unscheduled offering raises UAH400m

Although the MoF appeared to be committed to follow its auction schedule more rigidly to avoid additional auctions, following Tuesday’s lackluster auction, it held an additional auction yesterday, of...

ICUDebtInsight-20140410.pdf  (340kb)

9 April 2014 Bonds

Bond Market Insight

Government bond auction results: Low activity

Yesterday’s primary auction attracted insufficient demand. Of the three bonds offered, bids were submitted only for 6-month bonds which were also sold a week ago. Only two bids were submitted for the ...

ICUDebtInsight-20140409.pdf  (337.8kb)

9 April 2014 Bonds

Bond Market Insight

Результаты аукциона по продаже ОВГЗ: внеплановое финансирование

Вчерашнее размещение создавало предпосылки, что Минфин в апреле будет более строго придерживаться графика проведения аукционов, и ограничится изменениями в предлагаемых облигациях. Однако, сегодня Мин...

ICUDebtInsight-20140409-Rus.pdf  (443.8kb)

8 April 2014 Bonds

Bond Market Insight

Weekly review: Week of uncertain stability

Last week was less positive than the week before as an uncertain schedule of issuances of financial support for Ukraine resulted in wavering sentiment. Despite the plethora of promised financial su...

ICUDebtInsight-20140408.pdf  (1.3mb)