19 October 2011
Ukraine’s Finance Ministry attracted UAH 954.7 mln in USD-indexed sovereign bonds yesterday. Seven series of local sovereign bonds were offered in total: four series of ‘pure UAH’ bonds and three series of USD-indexed bonds. Market demand was concentrated in the shortest USD-indexed bonds with 3Y maturity and totaled to UAH 950 mln. Market players submitted twelve bids with yields of 8.20-8.22%. The Finance Ministry accepted all bids. Svetlana Rekrut: The lack of interest in ‘pure UAH’ government bond placements is fully expected by the market given the lack of UAH liquidity and growing secondary market government debt yields. Total placements of USD-indexed bonds have already reached UAH 5.0 bln.