March debut auction fails

March debut auction fails



4 березня 2015 года
ICU

The March debut auction failed. The MoF received no bids for the sole 2-year local currency bond maturing on 1 February 2017 which had previously raised a total of UAH42.50m at 16.70%.

Investment implications: The NBU is adhering rigidly to its agreement with the IMF to withhold domestic QE support at bond auctions. Even though the NBU increased both its reserve requirements and the key interest rate, there was no market demand. As scheduled local currency repayments are low, we expect no market demand at auctions over the next two weeks.

Источник: ICU

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