Significant Borrowing Rate Hikes Among Liquid Assets
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 25 2025
0mins
Borrow Rate Increases: The latest data indicates significant increases in indicative borrow rates among various liquid option names.
Top Performers: Kyivstar Group Ltd. leads with a 66.75% increase, followed by American Resources Corp at 8.50%, and TORM plc at 13.04%.
Other Notable Increases: Additional companies showing notable increases include ISHARES BITCOIN TRUST ETF (1.31%), Prospect Capital (3.53%), and Ocean Power (4.00%).
Minor Increases: Companies like BlackSky Technology (1.01%) and Rocket Companies (8.27%) also reported smaller but positive changes in their borrow rates.
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Analyst Views on KYIV
Wall Street analysts forecast KYIV stock price to rise
4 Analyst Rating
4 Buy
0 Hold
0 Sell
Strong Buy
Current: 14.510
Low
17.00
Averages
17.75
High
20.00
Current: 14.510
Low
17.00
Averages
17.75
High
20.00
About KYIV
Kyivstar Group Ltd is a United Arab Emirates-based telecommunications and digital services company. The Company provides services across mobile and fixed line technologies, including fourth Generation Mobile Network Technology (4G), big data, cloud solutions, cybersecurity, and digital television (TV), among others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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- Significant Investment Support: VEON has invested $1.3 billion in Ukraine's digital infrastructure from 2023 to 2026, representing one of the largest sustained commitments by any foreign investor, facilitating the rollout of next-generation services including autonomous driving.
- Partnership Development: Uklon collaborates with Boryspil International Airport to pave the way for long-term driverless operations, highlighting its pivotal role in the future robotaxi ecosystem while aligning with Ukraine's Digital Development Strategy to 2030.
- Innovation-Driven Growth: VEON CEO Kaan Terzioglu emphasizes that Uklon's launch showcases how innovative technologies developed by Ukrainian talent are driving economic growth, further solidifying VEON's leadership in the digital services sector.
See More
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- Acquisition of Solar Assets: Kyivstar has acquired six solar power plants in the Lviv region for UAH 3.6 billion (approximately USD 80.8 million), increasing its total green energy capacity to 118 MW, which meets about 30% of its annual electricity needs.
- Financial Performance Boost: The newly acquired solar assets are expected to generate approximately 113 GWh of electricity in 2025, yielding around UAH 682 million in revenue and UAH 596 million in EBITDA, significantly enhancing the company's financial stability and profitability.
- Enhanced Market Supply Capability: Kyivstar will supply electricity produced by the new plants to Ukraine's unified energy system, leveraging market prices and green energy tariffs to improve its ability to hedge electricity costs, thereby supporting operational efficiency in a rapidly growing market.
- Sustainability Strategy: This acquisition aligns with Kyivstar's long-term vision to enhance the safety and sustainability of its infrastructure through renewable energy investments, while also supporting the recovery and development of the Ukrainian economy, demonstrating confidence in the future.
See More
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- Acquisition Scale: Kyivstar has acquired six solar power plants in the Lviv region of Ukraine for $80.8 million (UAH 3.6 billion), with a combined capacity of 105 megawatts, significantly enhancing its renewable energy generation capacity nearly ninefold.
- Financial Performance: The solar assets generated approximately 113 GWh of electricity in FY 2025, yielding around UAH 682 million in revenue and UAH 596 million in EBITDA, indicating strong profitability and market demand.
- Strategic Significance: This acquisition increases Kyivstar's total solar generation capacity to 118 MW, with expected annual output meeting about 30% of its telecom operations' electricity needs, thereby strengthening its competitive edge and sustainability in the Ukrainian market.
- Market Impact: Kyivstar will sell 100% of the electricity produced to Ukraine's unified energy system under current market and regulatory rules, leveraging green energy tariffs to hedge electricity costs and support operational efficiency in the rapidly growing telecom sector.
See More
Veon Raises 2026 Revenue Growth Forecast to 11%-14%
- Revenue Growth Forecast Raised: Veon has increased its 2026 revenue growth forecast from 9%-12% to 11%-14%, reflecting confidence in future market performance, particularly against a backdrop of strong demand in emerging markets.
- Strong Q1 Performance: The company reported a 17% year-over-year increase in Q1 revenue to $1.2 billion, with EBITDA rising 17.7% to $517 million and a margin expansion to 43%, indicating significant operational efficiency improvements.
- Rapid Digital Revenue Growth: Digital revenues surged 57.7% to $303 million, accounting for over a quarter of total revenue, demonstrating Veon's substantial progress in digital transformation, which is expected to further drive overall performance.
- Capital Expenditure Target Adjustment: Veon has revised its annual capital expenditure target from 14%-16% to 15%-17%, primarily due to spectrum deployment plans in Pakistan, highlighting the company's ongoing investment intentions in emerging markets.
See More
Kyivstar Group Q1 2026 Financial Highlights
- Significant Revenue Growth: Kyivstar Group reported a 26.6% year-on-year increase in total revenue for Q1 2026, reaching USD 323 million (UAH 13.9 billion), indicating strong market performance that is expected to enhance shareholder value further.
- Surge in Digital Revenue: Digital revenues skyrocketed by 256.6% year-on-year to USD 67 million, accounting for 20.9% of total revenue, reflecting the company's successful digital transformation and strengthening its competitive position in the market.
- Customer Base Expansion: The number of multiplay customers rose by 31.6% year-on-year to 8.1 million, representing 39.6% of active mobile customers, which will help increase average revenue per user (ARPU) and further solidify market leadership.
- Revised Capital Expenditure Plans: The company adjusted its 2026 capital expenditure intensity forecast to 21%-24%, demonstrating a continued commitment to network resilience and sustainable investments, which are expected to support future business growth.
See More
Kyivstar Group Holds 2026 Annual General Meeting
- Board Re-election: During the 2026 AGM, Kyivstar re-elected its 10 current directors, reflecting shareholder support for the company's digital ecosystem growth strategy, ensuring board stability and execution capability.
- Strong Financial Performance: Kyivstar reported total revenue of $1.157 billion for FY25, a 25.9% year-on-year increase, with EBITDA of $648 million and an EBITDA margin of 56.0%, validating the company's strategic execution capabilities.
- Digital Revenue Surge: Digital revenue grew 4.7 times year-on-year to $124 million in FY25, accounting for 10.7% of total revenue, while in Q4 2025, digital revenue increased 6.1 times year-on-year, showcasing the company's strong growth potential in digital services.
- Increase in Multiplay Customers: As of December 31, 2025, the number of multiplay customers using voice, 4G data, and at least one digital application grew by 18.0% year-on-year to 7.3 million, indicating the company's success in enhancing customer loyalty and market share.
See More
