Finance Ministry names four additional local sovereign bond dealers

The Finance Ministry said yesterday that it has selected four additional primary dealers of local sovereign bonds: Rodovid Bank, OTP Bank, UniCredit Bank and Erste Bank. These four join the first five named by the Finance Ministry in late August: ING Bank Ukraine, Oshchadbank, Ukrsibbank, Raiffeisen Bank Aval and Ukrgazbank. The primary dealers are obligated to supply bids and offers, and must purchase no less than 3% of all sovereign bond issues. The state budget envisages the sale of UAH 26 bln in local sovereign bonds this year; since the beginning of the year, the Finance Ministry has sold UAH 10.8 bln.