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Analytics: Bonds. Liquidity down slightly

TRDATA
2015/07/10
Analytics: Bonds. Liquidity down slightly

Bonds: Liquidity down slightly

Liquidity declined for the second consecutive day, albeit very little, yesterday. Broader banking sector liquidity fell UAH0.50bn to UAH71.03bn as banks’ correspondent accounts with the NBU increased UAH0.67bn to UAH21.64bn. Total CDs outstanding slid UAH0.09bn to UAH44.11bn and total local currency debt repayments were down UAH1.07bn to UAH5.28bn.

The decline most likely was caused by NBU absorption of debt repayments on bonds issued for Naftogaz’s share capital increase. The bonds could have been purchased by the NBU and repayments could have been received by the. As the banks received less than a half of the inflows from the MoF which were concentrated in their accounts, that indicator increased, while the decline in total debt repayments scheduled for the next 30 days caused the broader liquidity indicator to fall.

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