Additional primary auction

Additional primary auction



8 грудня 2014 года
ICU

The MoF announced an additional auction on Friday, offering only the 2-year local currency bond that was sold several times last month and scheduled over the following three weeks. The auction attracted a single bid for UAH600.0m at 17.60%, similar to a bid for the same bond at the same volume and the same rate at an auction held just last week.

Investment implications: Considering the money market high interest rates and low level of banking sector liquidity, this auction most likely was supported by domestic QE.

Источник: ICU

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