Головна сторінка
/
Новини
/

Finance Ministry fails to place local bonds at auction

Finance Ministry fails to place local bonds at auction

20 July 2011

The Ministry of Finance did not place local bonds at a scheduled primary auction yesterday. The government offered two short-term series with 3M and 9M maturities, and two series of 2Y and 5Y bonds. Market demand totaled UAH 0.50 bln (3M – UAH 0.26 bln and 2Y – UAH 0.25 bln) with 7.75% and 10.0% yields, respectively. The Finance Ministry rejected all bids. Svetlana Rekrut:  Yesterday’s auction result was predictable and evidence of the government’s unwillingness to borrow at market yields. We believe this will continue at least through summer given the Finance Ministry’s cash position is sufficient to repay UAH 2.8 bln coming due on July 27 and the lack of further considerable redemptions until September.

Останні новини

News

23

02/2022

Separatists may claim entire territories of two Ukrainian regions

Russia has recognized “all fundamental documents” of the self-proclaimed Donetsk and Luhansk People’s Republics (DNR...

News

23

02/2022

U.K. to provide USD 500 mln loan guarantee for Ukraine as IMF mission starts

The British government is going to provide up to USD 500 mln in loan guarantees...

News

23

02/2022

MinFin bond auction receipts jump to UAH 3.5 bln

Ukraine’s Finance Ministry raised UAH 3.3 bln and EUR 7.2 mln (the total equivalent of...