The Finance Ministry Sells $11m Bonds.

The Finance Ministry successfully placed $11m three-year domestic bonds with a yield of 9.4%. The Finance Ministry also attempted to sell 5-year bonds but had no takers. Oleksandr Klymchuk: As we predicted the government didn’t raise the yields and we don’t expect the increase this year. Among the offered maturities only the three-year bonds attracted interest, the bonds constitute more than 80% of the securities placed by the government following the renewal of auctions this September. The primary placement yield of 3-year bonds is 10 bps below the yield of the last deal on the PFTS secondary market. The current bid-ask yields for government bonds with similar maturity are 10.25% and 9.23% respectively.