Thursday, February 6
Dragon Capital writes: “
Thursday, June 27, 2019


Dragon Capital writes: “Demand for UAH bonds was expectedly strong yesterday (at UAH 8.5billion)…Strong demand for medium-term bonds points to significant foreign participation, but not necessarily inflows of fresh money, as some non-residents likely reinvested the proceeds from 3-month bonds maturing today…. With yesterday’s auction, the 1H19 rollover rate on UAH bonds reached a solid 163% (vs. 93% in 1H18), for a net placement of UAH 50bn ($1.9bn), which owed almost entirely to foreign inflows.”