addition to the National Bank, to increase the turnover suspect future of primary dealers.
According to NBU, refinance with Government Bonds this month was conducted. But the National Bank continued to buy bonds. From September 28 to October 12, the regulator has increased its portfolio of state bonds at 652.9 million UAH .- to 36,5 billion UAH.
In the secondary market we operate, and the primary National Bank allowed to conduct operations. As far as I know, everything is absolutely legal and transparent manner. Some securities may be associated with our new regulation for the financing of Euro 2012. is not excluded that gradually redeemed Government Bonds have recently capitalized banks, and also engaged in operations to maintain liquidity in the system , - said a source in the NBU.
One banker familiar with the internal kitchen regulator assured that the operations of redemption There is nothing revolutionary. According to our information, all limits are maintained, - he said.
Redemption and Repurchase of NBU are highly targeted. NBU has no real money to conduct transactions with Government Bonds. So much of the transaction NBU to finance individual banks or government loan programs through these banks, - says the analyst IF Interfon Victoria Kernesh.
Also, according to financial market participants, in October, there is still a decent amount of transactions with Government Bonds in the secondary market. NBU official statistics yet, and expert opinions about the participants in these transactions differ.
Many banks have exhibited bilateral quotes and transact. Here and UkrSibbank and UniCredit Bank, and Universal. Perhaps some sort of contribution to make primary dealers. They still do not work, but the conditions they need to show a decent pace. So they create a reputation, - said one of the treasurers.
At the same time, a senior financial analyst Astrum Investment Management Sergey Fursa said that the growth yield of the primary proposals OVGZ should lead to remission in the secondary market. October 13 at the auction Treasury bonds offered on six-month average yield 22.54%, and for two years - 25,14%.
Kernesh believes that the actual transactions in the secondary market is very small. The real market yield Government Bonds in the secondary market is at a level of 20-25%. Number of sellers and buyers of Government Bonds is very limited, as banks are not restored limits on the interbank market. For the revival of the secondary market Government Bonds to the revival of confidence among banks, - says Victoria Kernesh .
At the same time Kernesh said on transactions with Government Bonds non-market prices and yield 9.10% per annum. As a rule, this is the deal with the special conditions, which actually determined the real price of the transaction, and Government Bonds is only a tool for processing the transaction, - emphasized Victor Kernesh.
Another market participant hinted that the secondary market are carried out not quite clean operation. I can not describe them, but, believe me, there is a very limited number of participants. And not everything is perfect, - he stressed.
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Index of the Frankfurt Stock Exchange Xetra DAX fell 0.49%, the index of the London Stock Exchange FTSE 100 fell 0.51%