Analytics
October 12 – 18, 2016
  • An IMF mission may come to Ukraine on October 26 to prepare for the fourth EFF program review
  • Both Moody’s and S&P affirm Ferrexpo’s IDRs at ‘Caa3’ and ‘CCC’, respectively
  • MHP’s 3Q16 average poultry price has decreased by 6% YoY
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October 5 – 11, 2016
  • Consumer inflation increased by 1.8% MoM in September, standing 7.9% above last year’s level
  • International reserves of the NBU grew by 10% MoM to $15.6bln by the end of September
  • DTEK has improved the standstill conditions for Eurobond holders
  • Ferrexpo’s total pellet production in 3Q16 decreased by 8% QoQ and 9% YoY to 2,604t
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September 28 – October 4, 2016
  • August’s current account (CA) deficit amounted to $414mln, while the financial account (FA) demonstrated a $417mln surplus
  • Metinvest reported a 24% MoM increase in July adjusted EBITDA and the extension of the moratorium until November 30
  • DTEK 1H16 EBITDA fell 5% YoY and 27% HoH to $133mln
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September 21 – 27, 2016
  • Industrial production and domestic trade in August increased by 3,4% and 7,2% YoY respectively while agricaltural output fell by 0,9%
  • The ministry of Finance published a draft of the 2017 consolidated fiscal budget
  • Ukraine placed $1bln worth of US guaranteed 5y bonds at 1,47%
  • Ukrzaliznytsia (Ukrainian railway) has entered into a technical default on its 2021 LPNs
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September 14 – 20, 2016
  • Real GDP growth in 2Q16 reached 1.4% YoY
  • The NBU has decreased the discount rate by 0.5pps to 15.0% and relaxed certain administrative restrictions on the FX market
  • The IMF has approved the third $1bln tranche of the EFF to Ukraine
  • Metinvest has asked noteholders to prolong the current moratorium by a month until November 30
  • Fitch has affirmed MHP’s long term foreign currency IDR at ‘CCC’
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