Adamant Capital

Adamant Capital Fixed Income Weekly Digest, April 24 – May 7, 2019

Key highlights:

  • The consolidated budget over 3m19 demonstrated an UAH9.0bln deficit
  • Output of key economic sectors in March increased by 4.0% YoY
  • Ukraine’s CA deficit in March decreased by $0.1bln YoY to $0.7bln
  • Metinvest reported a 7% MoM increase in EBITDA ex JVs for February and flat QoQ hot metal output for 1Q19
  • Ukrainian Railway’s 2H18 EBITDA decreased by 23% YoY to $350mln

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Adamant Capital