MinFin bond auction receipts plummet to UAH 66 mln

16 February 2022

Ukraine’s Finance Ministry raised UAH 66 mln at its weekly bond auction on Feb. 15 after raising the total equivalent of UAH 2.1 bln last week.

 

MinFin sold 5M bonds to all eight bidders for UAH 55 mln at 11.60% (vs. 11.50% for these bonds two weeks ago). The rest of the auction receipts came from the sale of 1Y bonds to seven out of eight bidders with a weighted average interest rate of 11.93%.

 

Evgeniya Akhtyrko: It’s not surprising that the market members practically ignored the latest local bond auction, as the geopolitical situation around Ukraine has come to another ever-hot phase.

 

Next week, MinFin is to offer six types of UAH denominated bonds with terms of maturity ranging from three months to four years as well as 6M EUR denominated bonds. We don’t expect the situation at the primary bond market to improve even if the geopolitical tension comes down.