Primary auction results

Primary auction results



4 лютого 2015 года
ICU

The MoF refinanced some of its debt repayments scheduled for today and next week. At yesterday's primary auction, the MoF sold UAH23.71m of 2-year local currency bonds at 16.70% and US$60.68m of USD-denominated bonds with a 48-day maturity at 8.75%. As a result, the MoF should receive UAH23.71m of proceeds today and US$60.00m tomorrow.

Investment implications: The MoF refinanced some of today's debt repayments in local currency, while the main goal of yesterday's auction was to replenish FX reserves prior to a large redemption of FX-denominated domestic debt scheduled for next week. Despite these proceeds will not cover all needs, they significantly increased the chance that this repayment will be made on time.

Источник: ICU

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