February 02, 2018 | Cbonds
|This Tuesday, the MoF sold UAH3.7bn of local currency bonds which were mostly purchased by non-residents. Wednesday was the settlement day and non-residents increased their portfolio in local currency by UAH2.54bn, including mostly bonds maturing this year. |
According to details of Wednesday's deals, UAH914.5m were bonds maturing in July and UAH938.5m maturing in October 2018, the two constituting 58% of the total. UAH741.3m mature in October 2022, or 23% of the total,. Total deals amounted to UAH2.59bn to the non-residents' portfolio increase.
Investment implications: Most likely not all, but most, of the purchased bonds were transferred to non-residents on Wednesday as that portfolio rose to UAH8.4bn. In reaction to last Friday's key policy rate hike, non-residents were motivated to buy these bonds because of the hryvnia strengthening amidst the high interest rates offered.
|Full company name||ICU|
|Country of risk||Ukraine|