MinFin local bond auction receipts drop to UAH 2 bln
4 August 2021
Ukraine’s Finance Ministry raised UAH 1.9 bln at its weekly
bond auction on Aug. 3 after raising UAH 1.4 bln and USD 65 mln at the auction
a week ago. The auction receipts came from the placement of 1Y, 1.5Y, 2Y, 3Y
and 5Y bonds. Bond interest rates either remained unchanged or underwent
insignificant changes from recent auctions. MinFin satisfied all bids.
The lion’s share of auction receipts – UAH 1.6 bln –
came from the sale of 1Y bonds to 27 bidders at 11.15%. Nine bidders bought 3Y
bonds for UAH 151 mln at 12.30%. Two-year bonds were sold to 12 bidders for UAH
126 mln at 12.09%.
In addition, 11 bidders bought 18M bonds for UAH 43
mln at 11.30%. The least receipts, at UAH 17 mln came from the sale of 5Y bonds
to four bidders at 12.59%.
Evgeniya Akhtyrko: As we expected, the local
bond market remains anemic in the summer-end low season. The interest of local
market participants in bond purchases is low, while nonresidents aren’t rushing
back.
Next week, MinFin is to offer the same set of bonds
as at the latest auctions. Auction receipts are likely to stay low.
