Bonds: Primary auction announcement

Bonds: Primary auction announcement



16 вересня 2014 года
ICU

The MoF will offer two 2-year bonds today, one of which will be denominated in US dollars. Two weeks ago, local currency bonds were sold at 16.50%, while USD-denominated bonds were last sold at the end of July after which they received no bids at three auctions since then.

Investment implications: We do not anticipate large demand at today's primary auction. The USD-denominated bonds could receive a few market bids, while the local currency bonds could attract some domestic QE support.

Источник: ICU

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