Liquidity up significantly

Обзор облигаций 30.09.2014 Broader banking sector liquidity rose UAH20.41bn to UAH74.89bn yesterday, setting a new record high since 2012, as a result of a UAH6.14bn increase in banks' correspondent accounts with the NBU to UAH35.95bn and a UAH14.27bn rise in total CDs outstandingto UAH33.34bn, the highest level since 2011. Total local currency debt repayments scheduled for the next 30 days remained steady at UAH5.60bn. KyivPrime interest rates slightly diverged: the KyivPrime ON interest rate remained steady at to 8.00% while the KyivPrime 1M interest rate rose 32bp to 15.70%. Investment implications: Broader banking sector liquidity rose UAH20.41bn to UAH74.89bn yesterday, setting a new record high since 2012, as a result of a UAH6.14bn increase in banks' correspondent accounts with the NBU to UAH35.95bn and a UAH14.27bn rise in total CDs outstandingto UAH33.34bn, the highest level since 2011. Total local currency debt repayments scheduled for the next 30 days remained steady at UAH5.60bn. KyivPrime interest rates slightly diverged: the KyivPrime ON interest rate remained steady at to 8.00% while the KyivPrime 1M interest rate rose 32bp to 15.70%.