MinFin bond auction receipts plummet to UAH 0.2 bln
2 February 2022
Ukraine’s Finance Ministry raised UAH 84 mln and USD
4.6 mln (the total equivalent of UAH 214 mln) at its weekly bond auction on
Feb. 1 after raising UAH 2.8 bln last week. The auction receipts came from the
placement of 6M and 2Y UAH denominated bonds as well as 1Y USD denominated
bonds.
The sale of local Eurobonds to 14 bidders at 3.70%
made around 70% of all auction receipts.
MinFin satisfied all 18 bids for 6M bonds for UAH 67
mln at 11.50% (vs. 10.99% two weeks ago) as well as 13 out of 14 bids for 2Y
bonds for UAH 16 mln at 13.00% (vs. 12.95% two weeks ago).
Evgeniya Akhtyrko: We were right in our predictions last week expecting weak results of the government bond auction in the very near
future. Market participants are disturbed by the high geopolitical risks, though
the immediate external financing will help the government to cover the budget gap
for the time being.
