Облигации

12 июля 2016 Bonds

Banking Sector Insight

About to take off

The Ukrainian banking system is bouncing back from the bottom of the financial crisis which was reached in 1H15. Increased solvency and the abundant level of liquidity at most banks paves the way for ...

ICUDebtInsight-20160712.pdf  (1.2mb)

9 июня 2016 Bonds

Banking Sector Insight

FUIB announces recapitalization plan

FUIB announces recapitalization plan. A recent stress test has revealed a need for an additional UAH1.2bn in capital (35% share capital increase) that FUIB’s shareholder agreed to provide throu ...

ICUBanksInsight-20160609.pdf  (429.3kb)

1 марта 2016 Bonds

Banking Sector Insight

Wheels slip

The Ukrainian banking sector is being transformed in accordance with an earlier plan aimed at boosting solvency and reducing risk. However, interim deadlines have been missed by large margins, with so ...

ICUDebtInsight-20160301.pdf  (611.6kb)

8 декабря 2015 Bonds

Bond Market Insight

Debt restructuring: Ukrainian version

After months of negotiations with bondholders since mid-March of this year, the Ministry of Finance recently finalized the key part of the debt deal. At a successful vote at the bondholders' me ...

ICUDebtInsight-20151208.pdf  (491.4kb)

25 августа 2015 Bonds

Banking Sector Insight

Overcoming the challenges

The Ukrainian banking sector remains undercapitalized amid the ongoing financial market instability. While there is still a very challenging period ahead, we believe that the Ukrainian banking sector ...

ICUDebtInsight-20150825.pdf  (2.2mb)

10 июля 2015 Bonds

Bond Market Insight

Sensitivity analysis of future public debt

This report provides a projection of what Ukraine’s public debt level might evolve from 2015 through 2025. Assuming ICU's base-case macroeconomic scenario (with a 50% probability) and no external debt ...

ICUDebtInsight-20150710.pdf  (843.1kb)

16 июня 2015 Bonds

Oschadbank

Eurobons reprofiling

As we predicted, Oschadbank’s Eurobond restructuring terms mirror those of Ukreximbank’s. The bank has also presented an offer to the Royal Bank of Scotland to exchange subordinated debt for a new Eur ...

ICUDebtInsight-20150616.pdf  (244.2kb)

9 июня 2015 Bonds

Bond Market Insight

FUIB 1Q15 IFRS financial results

In its 1Q15 IFRS financial results, First Ukrainian International Bank (FUIB) claimed that its loan portfolio suffered little despite the extreme USD/UAH rate fluctuations. Actively engaged in loan ...

ICUDebtInsight-20150609.pdf  (204.7kb)