Auction announcement

Auction announcement



4 квітня 2016 года
ICU

The first auction in 2Q16 the MoF announced for tomorrow will offer five local currency denominated bonds and one 2-year USD-denominated bond which should attract significant demand, which could be accepted partially, for about US$300m which the MoF has scheduled for this month. At the same time, if the cost of borrowing is low, the MoF could accept more bids, canceling USD-denominated bond offerings in 2Q16 or later this year, as they most likely will not borrow more than US$2.00bn in FX at the domestic bond market. For local currency denominated bond offerings, demand should be concentrated at the long-term end of the yield curve fir about UAH200-300m of which acceptable bids will be a portion. The main part of demand could be submitted for the 2-year bond (with redemption on January 10, 2018) as the most attractive offering for domestic investors at tomorrows' auction. The MoF should keep its local currency yield curve unchanged.

Источник: ICU

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