EAVEX Weekly

June 18, 2019

Ukrainian equities listed in Kyiv extended their downward move last week, with the start of the slow summer trading season making local investors less active on the market. Among the main headlines for the week, the IMF officials confirmed that cooperation with Ukraine could be resumed after the completion of parliamentary elections in the country late next month. Meanwhile, the Finance Ministry used a window on the international market to raise EUR 1.0bn through a placement of 7-year Eurobonds at 6.75%. The final yield for the issue was lower than initial guidance of 7.125% due to solid demand of EUR 5.5bn for the bond from investors. The PFTS index edged down by 0.4% to close at 552 points. UkrNafta (UNAF) took the most points from the gauge, falling 1.8% to UAH 161 per share despite an encouraging report that the company is satisfied with a new natural gas infrastructure project in cooperation with JKX Oil&Gas (JKX) in Poltava province. In the utility sector stocks, both CentrEnerg