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Fixed Income Research

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  • ICU
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Source Research
November 20, 2018
ICU Weekly Insight -- Real GDP rose 2.8% YoY in 3Q18
Ukraine's real GDP growth slowed to 2.8% YoY in 3Q18, down from 3.8% YoY in 2Q18, while in SA terms, growth was 0.4% QoQ, per preliminary data from the State Statistics Service. Thanks to favourable solid consumer demand, rising investments, and a better harvest this year, real GDP growth will be close to 3.5% in 2018.
November 15, 2018
ICU Bond Market Insight -- Budget borrowed UAH1bn
Tuesday's primary bond auction came in close to our expectations. The Ministry of Finance refused to increase interest rates for local-currency bills, rejecting nearly a quarter of demand for these instruments. At the same time, 97% of demand for FX-denominated bills was accepted.
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