Jan. industrial production +2% YoY; MoF on new Eurobonds coupon; Odessa 2012 bonds; 2-yr bonds lead bond auction

Ukraine is going to issue new Eurobonds when the interest rate of new issues goes below 9.0%, the head of the Sovereign Debt Department of the MoF, Ms Galyna Pakhachuk, said, according to Interfax-Ukraine. This means that currently, the MoF is not going to issue bonds, while the YTMs of Ukrainian Eurobonds are above the level declared yesterday. This week, YTMs slightly declined, but remained in the range of 9.00-10.10%: The YTM of the UKRAIN 6.58% \'16 issued last year declined to 9.87%, while YTMs of the UKRAIN 7.75% \'20 and UKRAIN 7.95% \'21 were at 10.07 and 10.10, respectively (see chart below).
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