Ukraine MinFin raises UAH 2.7 bln at local bond auction

Ukraine’s Finance Ministry raised UAH 2.7 bln at its
weekly bond auction on Aug. 10 after raising UAH 1.9 bln at the auction a week
ago. The auction receipts came from the placement of 1Y, 1.5Y, and 2Y bonds.
MinFin satisfied all bids. Bond interest rates didn’t change from the previous
week.

More than half of all auction receipts – UAH 1.7 bln –
came from the sale of 1Y bonds to 27 bidders at 11.15%. MinFin satisfied 12
bids for 1.5Y bonds for UAH 726 mln at 11.30%. The rest of the auction receipts
– UAH 275 mln – came from the sale of 2Y bonds to 21 bidders at 12.09%.

Evgeniya Akhtyrko: The summer-end
lull continues at Ukraine’s local bond market. And we don’t see many chances
for the situation to change in the upcoming weeks.

Next week, MinFin is to offer 1Y, 1.5Y, 2Y and 3Y
bonds. Auction receipts are likely to stay low.