July 31, 2017 | Cbonds
|At the end of last week, the MoF announced the conditions for tomorrow's auction. All offerings will be in local currency with maturities from six months to three years. The 6-month, 1-year and 3-year bonds will be the same as they were at recent auctions. The 2-year bond will be a re-offering of the July 2019 bond; in July, the MoF offered May 2019 bonds. |
This week, local currency debt repayments in local currency should be around UAH2.5bn but the majority will be to the NBU portfolio. Little is scheduled for refinancing, and demand should be low.
Investment implications: Most likely, the MoF will announce 2-year and 3-year offerings and possibly for short-term bonds as well. Interest rates should remain unchanged from those in July and June.
|Full company name||ICU|
|Country of risk||Ukraine|