Ministry of Finance places UAH 516 mln in local bonds

The Ministry of Finance reported that on May 25 it placed local bonds worth UAH 516 mln: UAH 457 mln in 3-month bonds, UAH 33 mln in 1-year bonds, and UAH 26 mln in three-year bonds. The funds will be used to cover 2009 fiscal deficit. Since the beginning of the year, the Ministry of Finance has attracted UAH 7.44 bln out of UAH 26 bln planned in this year’s state budget.