Liquidity declines slightly

Обзор облигаций 30.01.2015 Broader banking sector liquidity continued to decline yesterday, down UAH0.61bn to UAH60.48bn, with significant reallocations between the indicators. Banks' correspondent accounts with the NBU rose UAH0.45bn to UAH29.50bn and total CDs outstanding rose UAH0.25bn to UAH24.12bn, while total local currency debt repayments scheduled for the next 30 days fell UAH1.31bn to UAH6.87bn. KyivPrime interest rates once more slightly rose: the KyivPrime ON interest rate rose 4bp to 11.67% while the KyivPrime 1M interest rate rose 17bp to 18.67%. Investment implications: The MoF repaid UAH1.31bn this Wednesday in local currency debt principal and interest repayments, which caused a slight increase in banks' correspondent accounts with the NBU. CDs outstanding also rose.