Titoli di Stato paesi-emergenti Obbligazioni UCRAINA
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Ukrainian bond payment eases market jitters
LONDON (Reuters) – Ukraine made a $32.9 million coupon payment on a $1 billion sovereign Eurobond due 2016 on Nov. 23, bank analysts said, calming fresh concerns on whether Ukraine and its state-owned firms will service their debts.
“They paid the coupon,” said Luis Costa, emerging debt strategist at Commerzbank. “When it comes to Ukrainian debt, it still looks reasonably straightforward as long as Ukraine has continued IMF support. The problem is more how Ukraine is going to deal with bilateral debt of state-owned entities.”
Another bank analyst, who declined to be named, also said the coupon payment had been made on the sovereign Eurobond.
Central and western European stocks and currencies fell on Nov. 20 on jitters about the debt of Ukraine’s state railway company, which said earlier this month it was looking to restructure a $550 million syndicated loan after failing to repay a portion of it. Fears also loom about Ukraine’s financial stability after the International Monetary Fund suspended its $16.4 billion standby program for Ukraine until after presidential elections in January.
State energy firm Naftogaz restructured $1.6 billion in Eurobond and bank debt earlier this year.
“It just highlights the extent of uncertainty in Ukraine debt in any shape or form,” said Zsolt Papp, chief economist, emerging Europe, at KBC. “The conclusion is – stay away from Ukraine. Ukraine remains a basket case.”
Ukrainian bond payment eases market jitters
LONDON (Reuters) – Ukraine made a $32.9 million coupon payment on a $1 billion sovereign Eurobond due 2016 on Nov. 23, bank analysts said, calming fresh concerns on whether Ukraine and its state-owned firms will service their debts.
“They paid the coupon,” said Luis Costa, emerging debt strategist at Commerzbank. “When it comes to Ukrainian debt, it still looks reasonably straightforward as long as Ukraine has continued IMF support. The problem is more how Ukraine is going to deal with bilateral debt of state-owned entities.”
Another bank analyst, who declined to be named, also said the coupon payment had been made on the sovereign Eurobond.
Central and western European stocks and currencies fell on Nov. 20 on jitters about the debt of Ukraine’s state railway company, which said earlier this month it was looking to restructure a $550 million syndicated loan after failing to repay a portion of it. Fears also loom about Ukraine’s financial stability after the International Monetary Fund suspended its $16.4 billion standby program for Ukraine until after presidential elections in January.
State energy firm Naftogaz restructured $1.6 billion in Eurobond and bank debt earlier this year.
“It just highlights the extent of uncertainty in Ukraine debt in any shape or form,” said Zsolt Papp, chief economist, emerging Europe, at KBC. “The conclusion is – stay away from Ukraine. Ukraine remains a basket case.”
lorenzo63
Age quod Agis
Ciao Gaudente,
Mi associo agli auguri di una pronta e rapida guarigione...magari qualche massaggio ti aiuterà....
Sei sempre una delle mie letture preferite.
Ciao, in gamba.
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Veramente e' stato proprio durante un ...ahem..."massaggio" che ho perso l'equilibrio e.... vabbeh comunque adesso sto meglio e ho di nuovo internet , il modem era a posto, si era solo bruciato l'alimentatore, sono andato dal provider che me l'ha sostituito gratuitamente...giusto in tempo per poter vedere come l'effetto Dubai si sia abbattuto sulla lira turca peggio di un cicloneCiao Gaudente,
Mi associo agli auguri di una pronta e rapida guarigione...magari qualche massaggio ti aiuterà....
Sei sempre una delle mie letture preferite.
Ciao, in gamba.
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sempre meglio
Ukraine cancels obligation to assign rating for bond issues
Today at 12:05 | Interfax-Ukraine
The State Commission for Securities and the Stock Market has canceled an obligatory requirement on the assignment of ratings for the issue of bonds, mortgage certificates and certificates of the fund for transactions with real estate.
The decision of the commission (No. 1057 of Oct. 16, 2009) took effect in ten days after its registration in the Justice Ministry, which occurred on Nov. 17, 2009 and was announced on Nov. 30.
The decision says that amendments to five resolutions of the commission were made: on the procedure for the registration of issues of corporate, municipal and mortgage bonds, mortgage certificates and certificates of the fund for transactions with real estate. Now the rating evaluation is done only if issuers have the said information.
As reported, the State Commission for Securities and the Stock Market, soon after Serhiy Petrashko was appointed its head in early June, took a decision in principle to cancel the obligatory requirement to assign ratings during the issue of bonds, mortgage certificates and certificates of the fund for transactions with real estate.
"Thus, we free the whole stock market from extra obligatory payments," he said.
Ukraine has only one rating agency Credit-Rating. Issuers can also receive ratings from leading international agencies.
Ukraine cancels obligation to assign rating for bond issuesToday at 12:05 | Interfax-Ukraine
The State Commission for Securities and the Stock Market has canceled an obligatory requirement on the assignment of ratings for the issue of bonds, mortgage certificates and certificates of the fund for transactions with real estate.
The decision of the commission (No. 1057 of Oct. 16, 2009) took effect in ten days after its registration in the Justice Ministry, which occurred on Nov. 17, 2009 and was announced on Nov. 30.
The decision says that amendments to five resolutions of the commission were made: on the procedure for the registration of issues of corporate, municipal and mortgage bonds, mortgage certificates and certificates of the fund for transactions with real estate. Now the rating evaluation is done only if issuers have the said information.
As reported, the State Commission for Securities and the Stock Market, soon after Serhiy Petrashko was appointed its head in early June, took a decision in principle to cancel the obligatory requirement to assign ratings during the issue of bonds, mortgage certificates and certificates of the fund for transactions with real estate.
"Thus, we free the whole stock market from extra obligatory payments," he said.
Ukraine has only one rating agency Credit-Rating. Issuers can also receive ratings from leading international agencies.
lorenzo63
Age quod Agis
Russia, Ukraine Reach Gas Deal
MOSCOW—A compromise between Russia and Ukraine has curbed the risk of another serious cutoff of gas to Europe this winter, but financial problems and political tensions inside Ukraine still pose a threat, officials on both sides say.
Russian Prime Minister Vladimir Putin agreed with his Ukrainian counterpart, Yulia Tymoshenko, late Thursday to allow Ukraine to buy less gas than contracted next year, removing the risk of crippling fines for Kiev. In return, Ms. Tymoshenko promised there would be no disruptions in payment of gas or transit of the fuel to Russia's customers in Europe.
The deal is good news for Europe, but the situation could still be complicated by Ukraine's floundering economy as well as political rivalry ahead of January's presidential elections, Russian officials warn.
Should another gas dispute evolve, however, Europe stands much better prepared to weather it than in past years, as demand has weakened while Europe's storage facilities are full.
Last winter, a Russia-Ukraine dispute over natural gas payments led to a two-week disruption of Russia's gas supply to much of Europe during January, leaving many Eastern Europeans without heat amid freezing temperatures.
No details were given about the agreement reached Thursday, but Putin said the two countries' gas firms—Russia's OAO Gazprom and Ukraine's Naftogaz—will put that agreement in writing.
"You can't give a 100% guarantee, but this deal does significantly reduces the risk of a new gas conflict," a Naftogaz official said.
Mr. Putin has warned repeatedly in recent weeks that Ukraine could have trouble paying its gas bills to Moscow. He said Russia would again turn off the taps if it believed Ukraine was siphoning Russian gas from pipelines meant for export to other European customers.
Gas also is a hot political issue in Kiev, where Ms. Tymoshenko is running for the presidency in the January elections. Incumbent Viktor Yushchenko, far behind in the polls, has been harshly critical of her gas deals as overly favorable to Moscow.
MOSCOW—A compromise between Russia and Ukraine has curbed the risk of another serious cutoff of gas to Europe this winter, but financial problems and political tensions inside Ukraine still pose a threat, officials on both sides say.
Russian Prime Minister Vladimir Putin agreed with his Ukrainian counterpart, Yulia Tymoshenko, late Thursday to allow Ukraine to buy less gas than contracted next year, removing the risk of crippling fines for Kiev. In return, Ms. Tymoshenko promised there would be no disruptions in payment of gas or transit of the fuel to Russia's customers in Europe.
The deal is good news for Europe, but the situation could still be complicated by Ukraine's floundering economy as well as political rivalry ahead of January's presidential elections, Russian officials warn.
Should another gas dispute evolve, however, Europe stands much better prepared to weather it than in past years, as demand has weakened while Europe's storage facilities are full.
Last winter, a Russia-Ukraine dispute over natural gas payments led to a two-week disruption of Russia's gas supply to much of Europe during January, leaving many Eastern Europeans without heat amid freezing temperatures.
No details were given about the agreement reached Thursday, but Putin said the two countries' gas firms—Russia's OAO Gazprom and Ukraine's Naftogaz—will put that agreement in writing.
"You can't give a 100% guarantee, but this deal does significantly reduces the risk of a new gas conflict," a Naftogaz official said.
Mr. Putin has warned repeatedly in recent weeks that Ukraine could have trouble paying its gas bills to Moscow. He said Russia would again turn off the taps if it believed Ukraine was siphoning Russian gas from pipelines meant for export to other European customers.
Gas also is a hot political issue in Kiev, where Ms. Tymoshenko is running for the presidency in the January elections. Incumbent Viktor Yushchenko, far behind in the polls, has been harshly critical of her gas deals as overly favorable to Moscow.
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UCRAINA: FMI RESPINGE RICHIESTA PRESTITO DA 2 MLD DLR
(AGI) - Los Angeles, 24 dic. - Il Fondo monetario internazionale ha respinto una richiesta dell'Ucraina per un prestito da 2 miliardi di dollari, finalizzato a far fronte agli obblighi del paese per la fine dell'anno. Lo rivela il Financial Times. .
(AGI) - Los Angeles, 24 dic. - Il Fondo monetario internazionale ha respinto una richiesta dell'Ucraina per un prestito da 2 miliardi di dollari, finalizzato a far fronte agli obblighi del paese per la fine dell'anno. Lo rivela il Financial Times. .
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Inflazione 2009
0,9% nel mese di dicembre, 12,3% nell'anno
Kyiv Post. Independence. Community. Trust - Business - General - Inflation in Ukraine falls to 0.9% in December, totals 12.3% in 2009, says State Statistics Committee
0,9% nel mese di dicembre, 12,3% nell'anno
Kyiv Post. Independence. Community. Trust - Business - General - Inflation in Ukraine falls to 0.9% in December, totals 12.3% in 2009, says State Statistics Committee
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Previsioni PIL 2009
Kyiv Post. Independence. Community. Trust - Business - General - NBU forecasts GDP decline by 13.5-14.5% in 2009
La banca centrale stima la contrazione del PIL per il 2009 tra il -13,5% ed il -14,5%.
Le variazioni dei precedenti tre trimestri rispetto all'anno precedente erano state rispettivamente -22,3% -17,8% e -15,3%.
Novembre viene stimato in un -1,3% rispetto a novembre 2008 (mese nel quale l'Ucraina era gia' in recessione).
Kyiv Post. Independence. Community. Trust - Business - General - NBU forecasts GDP decline by 13.5-14.5% in 2009
La banca centrale stima la contrazione del PIL per il 2009 tra il -13,5% ed il -14,5%.
Le variazioni dei precedenti tre trimestri rispetto all'anno precedente erano state rispettivamente -22,3% -17,8% e -15,3%.
Novembre viene stimato in un -1,3% rispetto a novembre 2008 (mese nel quale l'Ucraina era gia' in recessione).