MoF will offer only one local currency bond

MoF will offer only one local currency bond



3 березня 2015 года
ICU

At the debut auction in March, the MoF will offer only one 2-year local currency bond maturing on 1 February 2017. This bond was sold a few times earlier at low volumes with a 16.70% interest rate.

Investment implications: The MoF is scheduled to repay UAH1.63bn in local currency tomorrow but most likely will not utilize domestic QE to refinance these repayments. We expect little to no demand for this bond today. With UAH14.62bn in the treasury accounts, the MoF needs no refinancing currently but could increase borrowings in the second half of the month.

Источник: ICU

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