Finance Ministry comes up empty in local bond auction
2 April 2009
The Finance Ministry failed to sell any local bond issues in its recent auction on March 30. It had offered issues with a 189-day tenor at 18% YTM and 1,092 day issues at 15.6% YTM. The Finance Ministry’s last successful auction was on March 19, when it sold UAH 1.5 bln in 11-month bonds. So far this year, the government has issued UAH 3.1 bln in local bonds.
