ICU - Bond Market Insight -- Interest rates decline

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ICU

Taras Kotovych

Bond Market Insight -- Interest rates decline

â€‹At yesterday's auction, the MoF significantly decreased the interest rate for 3-year bonds to 15.28% (weighted-average rate), and also to 14.95% for 12-month bonds. The MoF accepted the majority of demand and borrowed UAH1.14bn. Bonds with maturities less than one year did not receive any bids, while demand for 2-year bonds was rejected.

15/03/2017 3 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.

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Analysts

Taras Kotovych

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Taras Kotovych

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Taras Kotovych

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The Ministry of Finance decreased interest rates for two out of three offered UAH bonds yesterday, coming closer to a decrease in three-month NBU CDs interest rates. Yesterday's auction provided the state budget with UAH7.2bn proceeds, including UAH5.4bn in local currency and EUR42.9m. UAH proceeds were lower due to a smaller cap for 12-month bills and lower demand for three-year notes. However, this did not prevent the Ministry from continuing to lower rates for some instruments. Four weeks after the NBU cut its interest rates, interest rates for 12-month bills fell by 70bp, for two-year pap...

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Bond Market Insight -- Interest rates decline

Bond Market Insight -- Bond rate reduction on hold

Weekly Insight -- Inflation falls sharply in March

Bond Market Insight -- UAH bond rates decline further

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