Finance Ministry To Hold Bond Auction Monday

The Finance Ministry announced it would revive its domestic bond auctions on Monday. The government will offer tenors of 1.5, 3, 4, 7 and ten years without volume limits. The government has sold about USD 316 in local bonds at auctions last year. Oleksandr Klymchuk: Everything is set for this year auctions to be more successful than in 2006: high liquidity of local banks, stable hryvnia exchange rate expectations, and limited supply of high-profile papers on the bond market; the only possible cloud is that the government can set the stop yields too low (now the government yield curve is capped by 8.2% YTM).