Government raises USD 77 mln via bond sale

Ukraine’s Finance Ministry raised USD 77 mln via the sale of USD-denominated bonds at a primary auction yesterday. The total included USD 53 mln in 6-month bonds (cut-off yield 9.3%), USD 19 mln in 9-month bonds (yield at 9.15%) and USD 5 mln in one-year bonds (yield at 9.35%). The Finance Ministry accepted all nine submitted bids. The government failed to sell standard UAH-denominated bonds and USD-indexed bonds. The government has raised USD 413 mln via the sale of USD-denominated bonds since its first auction on December 16.