Finance Ministry's latest bond auction a wash

The Finance Ministry’s local bond auction yesterday finished without any issues being sold. The government had been trying to place 77-day tenor bonds at 20% YTM, 238-day bonds at 18% YTM, and 728-day bonds at 15.6% YTM. The Finance Ministry’s last successful auction was on March 19, when it sold UAH 1.5 bln in 11-month bonds. So far this year, the government has issued UAH 3.1 bln in local bonds.