ICU - Bond Market Insight -- Redemptions refinanced, but not in full

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ICU

Taras Kotovych

Bond Market Insight -- Redemptions refinanced, but not in full

October ends with large debt payments and only partial refinancing. Over the past week and today, much more was repaid in debt principal than was borrowed for the budget.

27/10/2021 5 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

Taras Kotovych

Other Reports from ICU

Taras Kotovych

Taras Kotovych

Bond Market Insight -- Reduction of UAH bond rates resumes

The NBU's decision to cut its interest rates by 100bp caused increased competition at yesterday's primary auction and led to a decrease in bond interest rates by 55‒70bp.

May 1, 2024 May 1, 2024 5 EN

Taras Kotovych

Taras Kotovych

Weekly Insight -- NBU continues rate-cutting cycle

The central bank has implemented a 100bp reduction in the key interest rate, bringing it to 13.5%. This adjustment exceeded market expectations slightly, but was not entirely unpredictable.Concurrently, interest rates on certificates of deposit (CDs) were also lowered by 100bp to 13.5% for overnight instruments and 16.5% for three-month instruments. Additionally, the cost of refinancing loans has been reduced by 200bp to 17.5%.

April 29, 2024 April 29, 2024 7 EN

Taras Kotovych

Taras Kotovych

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

Yesterday's auction received UAH9.4bn of demand, mainly for 12-month bills, but also strong demand for two- and three-year securities. Proceeds for the state budget amounted to almost UAH7.6bn. The MoF decreased interest rates for 12-month paper only.

April 24, 2024 April 24, 2024 4 EN

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Bond Market Insight -- Redemptions refinanced, but not in full

Bond Market Insight -- Reduction of UAH bond rates resumes

Weekly Insight -- NBU continues rate-cutting cycle

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

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