Finance Ministry Sells Another $2m of Local Bonds.

The Finance Ministry sold just under $2m worth of two-year bonds with an interest rate of 9.0%, the same rate at which they sold in last week’s auction, which was the first after a break of more than a year. After last week’s auction also raised only about $2m, the ministry announced two “ad hoc” auctions this week, with another on Thursday. The next regular, fortnightly auction is scheduled on Sept. 18. Oleksandr Klymchuk: The ministry reaffirmed its maximum yield for 2-year bonds, while the amount implies there were only one or two takers. The government is apparently satisfied with selling small amounts of bonds for now while waiting for investors to become more comfortable with the exchange rate policy outlook.