MinFin raises UAH 1 bln through local bond placement

11 January 2018

Ukraine’s State Budget was replenished by UAH 986 mln by the sale of local bonds at an auction held by Finance Ministry on Jan. 10, according to the ministry’s report. The government offered bonds maturing in 6, 9 and 24 months, and the bidders showed interest in buying all three types of offered bonds. 91% of auction receipts came from the sale of 6-month bonds.

 

Evgeniya Akhtyrko: The activity of primary local bond market participants turned out to be pretty high for a traditionally uneventful first half of January.

 

So far, we have not observed any essential changes in interest rates on the primary market of local bonds. The maximum interest rate asked by auction participants did not change from the previous auction and was 16.0%. The weighted average interest rate for the 6-month bonds was 15.97% while the buyers of 2-year bonds were satisfied with 15.70%. The bid for the bond maturing in October 2018 placed on previous auction on Dec. 26 was accepted with an interest rate of 15.85%.

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