ICU - Bond Market Insight -- Decline in demand

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ICU

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Taras Kotovych

Bond Market Insight -- Decline in demand

Yesterday's demand at the primary auction was lower than the offered amount, which did not prevent the rejection of some bids and a decrease in cut-off rates. Offered was UAH500m (US$20m) of six-month and 11-month bills each, and UAH2bn (US$79m) of two-year bills; demand was UAH2.3bn (US$90m). As a result, budget proceeds amounted to UAH1.96bn (US$78m), the main part coming from two-year paper.

14/08/2019 1 EN

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ICU

ICU IS A FINANCIAL SERVICES GROUP PROVIDING SECURITIES TRADING, INVESTMENT BANKING AND ASSET MANAGEMENT FOR PRIVATE AND INSTITUTIONAL INVESTORS.

More information about ICU you can find at https://www.icu.ua/

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Analysts

Research Team

Taras Kotovych

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Bond Market Insight -- Decline in demand

Bond Market Insight -- Bond market waits for NBU to cut rates

Macro Update -- Macro Risks Remain Manageable

Weekly Insight -- NBU does not prevent hryvnia weakening

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