Bonds: Liquidity recovers

Обзор облигаций 19.11.2014 Broader banking sector liquidity recovered yesterday once more above UAH50.0bn, up UAH 3.68bn to UAH 51.74bn as a result of a significant increase in total local currency debt repayments scheduled for the next 30 days, which rose UAH2.64bn to UAH5.63bn. Meanwhile, receiving only UAH0.07bn of new loans from the NBU, banks' correspondent accounts with the NBU slid UAH0.32bn to UAH29.46bn while total CDs outstanding rose UAH1.36bn to UAH16.65bn. With the increase in liquidity, KyivPrime interest rates slightly diverged: the KyivPrime ON interest rate slid 12bp to 11.13% while the KyivPrime 1M interest rate remained steady at 17.00%.