Contact us (+ 7 (921) 446-25-10)
×
Texting is available for authorized users.
Please register or log in at the website.
×
Your request for online training has been sent. Cbonds managers will be in touch with you shortly. Thank you!

Fixed Income Research

Waiting, please

Source

Select all
onoff
 / 
  • Adamant Capital (Ukraine)
  • Cbonds-Ukraine
  • Concorde Capital
  • Eavex Capital
  • Empire State Capital Partners
  • Expert-analytical Center OPTIMA
  • Finance Ministry of Ukraine
  • FUIB
  • ICU
  • Magister Capital
  • Metinvest
  • NRA-Ryurik
  • OTP Bank (Ukraine)
  • Pivdenny Bank
  • Raiffeisen Bank Aval
  • Sberbank (Ukraine)
  • SP Advisors
  • UkrSibbank
Region /
Сountry /
Date
Type /
Choose allReset all
Subject /
Choose allReset all
Language /
Reset
Source Research
September 18, 2018
Adamant Capital (Ukraine) Fixed Income Weekly (Digest September 12 - 18, 2018)
September 12, 2018
ICU Bond Market Insight -- Demand and yields up
Description
The recent hike in the key rate pushed up interest rates for government bills, but the MoF's conservative view on accepting bids limited this increase to 50bp, the same as key-rate increase. Consequently, the majority of demand for hryvnia-denominated instruments was rejected.
Adamant Capital (Ukraine) Fixed Income Weekly Digest (September 5 - 11, 2018)
September 11, 2018
ICU Weekly Insight -- NBU increased key rate to 18%
Description
In the wake of the IMF mission arrival, the NBU continued the interest rate hike cycle it started back in October 2017. In response to the turbulence in emerging markets that resulted in the recent devaluation of the hryvnia, the NBU has increased the key rate by 50 bps to 18%. The Regulator expressed concern over inflation, which, despite currently being within the target range, has the potential to accelerate.
September 05, 2018
ICU Bond Market Insight -- Restrained activity
Description
As expected, the regular primary auction, a few days away from the NBU's board meeting on monetary policy, was very restrained for local-currency bills, which also spread to FX-denominated paper. Total demand was UAH16m and US$21m, respectively. The MoF accepted all bids for local-currency paper, and more than half of demand for FX-denominated bills.
Cbonds EM CBONDS GLOBAL MONTHLY NEWSLETTER ISSUE STATISTICS AND LEAGUE TABLES for August 2018
September 04, 2018
Adamant Capital (Ukraine) Fixed Income Weekly Digest August 28 - September 4, 2018
ICU Weekly Insight -- Market awaits rate hike
Description
New domestic bond issues fell to a minimum in anticipation of monetary policy decisions to be made at the NBU's board meeting scheduled for this Thursday, and the possibility that the key policy rate could be increased once more.
September 03, 2018
Eavex Capital Ukraine Fixed Income Weekly (Sept. 3, 2018)
Eavex Capital Ukraine Market Monitor (Sept. 3, 2018)
August 29, 2018
ICU Quarterly Report-IMF Mission: Deal Possible?
Description
IMF programme: Ukraine close to receiving a US$1.9bn tranche. An IMF mission will visit Ukraine on 6-19 September, which means the Fund and Ukraine have made substantial progress on agreeing the outstanding issues, such as gas tariffs for the population and the balanced budget. If negotiations are successful, Ukraine will not only secure receiving a US$1.9bn tranche from the Fund, but also have substantially higher chance to obtain financing from other creditors, which have a working IMF program as the key precondition of their aid: the World Bank's guarantee on a US$0.8bn loan and the EU's EUR1bn macro-financial aid package. Furthermore, successful deal with the IMF may turn financial markets more favourable for the government's plan to issue US$2bn of Eurobonds. Resumed weakening of UAH, government liquidity pressures and a US$10.7bn pile of FX debt to be paid in 2H18-2019 make the IMF deal critical for Ukraine.
ICU Bond Market Insight -- Interest rates mostly unchanged
Description
Yesterday, the MoF offered only local-currency instruments, which attracted insufficient demand, but which was mostly accepted. At the same time, cut-off rates were kept at the usual level.
August 28, 2018
ICU Weekly Insight -- MoF receives external financing
Description
Last week, the MoF issued a new, short-term US$725m Eurobond, which should allow it to cover most external debt repayments scheduled through the end of this year. 
UkrSibbank Ukraine Capital Markets Weekly
August 27, 2018
Eavex Capital Ukraine Fixed Income Weekly (Aug. 27, 2018)
Eavex Capital Ukraine Market Monitor (Aug. 27, 2018)
August 22, 2018
ICU Bond Market Insight -- MoF borrows FX
Description
After making sufficient debt repayments of FX-denominated bonds last week, yesterday, the MoF continued to offer FX-denominated bills and successfully sold them. At this auction, FX-denominated proceeds were nearly 99% of total proceeds. 
August 21, 2018
SP Advisors Ukraine Economy: IMF-Ukraine saga on pace for September conclusion. August 20, 2018
UkrSibbank Ukraine Capital Markets Weekly
August 20, 2018
Eavex Capital Ukraine Fixed Income Weekly (Aug. 20, 2018)
Eavex Capital Ukraine Market Monitor (Aug. 20, 2018)
August 16, 2018
Galt and Taggart Regional Fixed Income Market Watch
Georgia, Armenia, Azerbaijan, Belarus, Kazakhstan, Ukraine
August 15, 2018
ICU Bond Market Insight -- Ministry of Finance borrowed UAH2.4bn
Description
At the yesterday's auction, the Ministry of Finance attracted UAH1bn and US$50m (UAH1.4bn) in local-currency and FX, respectively. At the same time, it was decided not to place instruments in foreign currency with terms of 14 months and two years in the absence of sufficient interest and market demand for higher rates. Thus, the MoF wasn't ready to borrow FX at higher than 6% rate.
August 14, 2018
ICU Weekly Insight -- Inflation slowed to 8.9% YoY in July
Description
Headline inflation decelerated to 8.9% YoY in July, while in MoM terms, consumer prices declined 0.7%. Solid consumer demand and weakening of the UAH will bring about the acceleration of inflation in 2H18.
UkrSibbank Ukraine Capital Markets Weekly
August 13, 2018
Eavex Capital Ukraine Fixed Income Weekly (Aug. 13, 2018)
Eavex Capital Ukraine Market Monitor (Aug. 13, 2018)
August 08, 2018
ICU Bond Market Insight -- MoF accumulates FX
Description
Yesterday, the Ministry of Finance gave preference to FX-denominated bonds so as to be ready for next week's FX debt repayments without having to resort to using reserves from other sources. At the beginning of the month, UAH21bn was in the government's accounts in FX. The MoF offered short-term bills and accepted higher rates to collect about US$187m and EUR69m, and an additional UAH2.8bn in local currency.
August 07, 2018
ICU Weekly Insight -- Hryvnia fell below 27/USD
Description
We do not expect significant hryvnia fluctuations this week against the backdrop of relative balancing of demand and supply of foreign currency, but we still expect a slight weakening trend of the national currency.
Adamant Capital (Ukraine) Fixed Income Weekly Digest (August 1 - 7, 2018)
“Research and analytics” section shows daily analytical commentary, weekly and special reviews from leading investment banks on the following topics: macroeconomics, money market, bonds and international bonds, syndicated loans and promissory notes. Comments can be searched by topic, source, key words, and review publication frequency. It is possible to set automatic e-mail sending of required comments from a certain source.
minimizeexpand
200 000
issues: local and international bonds
170
countries
+7 812 336 97 21
pro@cbonds.info
200 000
issues: local and international bonds
170
countries
Сbonds is a global Fixed income data platform
+7 812 336 97 21
pro@cbonds.info
Data
  • Descriptive data on bonds
  • Bond Quotes from trading systems and market participants
  • Prospectuses and other issue documents
  • Credit ratings
  • Indices and indicators
  • Market news and analytical research
Analytical instruments
  • Multi-parameter bond database search
  • Bond Maps
  • Market calendar
  • Bond calculator
  • Watchlist and Portfolio management
  • Chart analysis
  • Mobile App and Excel Add-in Tool
Sign in or RegisterSubscription/Trial access
minimizeexpand
Cbonds is a global fixed income data platform
×