Daily monitor

The largest Ukrainian pipe producing group, Interpipe, has announced that it offers to repurchase USD 200 mln in Eurobonds with an indicative repurchase price of USD 47-55 corresponding to the 67-53% YTM level.

Ukraine’s industrial output fell 15.2% MoM and 28.6% YoY in November 2008, as stated in the State Statistics Committee memo released this morning.

Stakhaniv Railcar Works, one of the largest wagon producers in Ukraine and part of the AvtoKrAZ holding, intends to increase statutory fund by UAH 158.473 mln (roughly USD 22 mln) to UAH 237.709 (roughly 32 mln) mln via additional issue of shares.

In January-November 2008, electricity consumption in Ukraine rose by 0.8% YoY (to 169 thsd GWh), while in 10M08 it grew by 1.1% YoY. Monthly electricity consumption in Ukraine continued falling and, in November 2008, decreased by 16% (to 14.4 thsd GWh).

The AvtoKrAZ Holding Company [KRAZ UZ, N/R], based in Kremenchug (Poltava Region), has presented new technological models that may be used in the oil and gas complex. According to the company’s press service, they were demonstrated to participants of the exhibition “Oil and Gas of Turkmenistan – 2008”.

In November, the Bogdan Automobile Plant [LUAZ UZ, BUY] reported an output drop of 20.59% (or 1,497 cars) to 5,772 cars, compared to October’s production level.

The Cabinet of Ministers has allocated UAH 30 mln to the Executive Committee of the Zaporizhya City Council from the 2008 national budget for the construction of bridges as part of a highway across the Dnieper River.

As Ukrsotsbank [USCB UZ, U/R] has announced in a statement, the bank has repaid a syndicated loan of USD 200 million.

Yesterday the coalition in the Ukrainian Parliament was restored after the pro-presidential Nasha Ukrayina-Narodna Samooborona (NU-NS) completed negotiations with the Bloc of Yulia Tymoshenko (BYuT), led by current Prime Minister Yulia Tymoshenko, and the Bloc of Lytvyn (BL), chaired by Volodymyr Lytvyn.

The National Bank of Ukraine (NBU) has reported that narrow money fell 0.3% MoM in November (21.8% growth YTD), thus reaching UAH 172.8 bln (USD 23.4 bln), while M3 grew 0.4% MoM (22% growth YTD), reaching UAH 483.2 bln (USD 65.3 bln).