Ukraine's Finance Ministry has boasted about this year's biggest borrowing on the domestic market after government domestic loan bonds were placed for almost US$1.3 billion in total.
"The biggest placement of the year! UAH 33.3 billion [US$1.29 billion in the equivalent] for the state budget, this includes UAH 7.4 billion and US$1 billion, while the yield rates have been reduced for all instruments, especially for three-month government bonds in hryvnia – 17.0% (decrease by 24 basis points), for one-year government bonds in U.S. dollars – 6.5% (decrease by 50 bp), for two-year government bonds in U.S. dollars – 7% (decrease by 50 bp)," Ukrainian Finance Minister Oksana Markarova wrote on Facebook on Tuesday, July 16.
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As the Finance Ministry said on its website, after a planned auction for the placement of government bonds, funds in hryvnias were raised through the sale of bonds with maturities of 91, 196, 357, and 756 days with a yield of 17.85%, 18.47%, 14.30%, and 16% per annum, respectively.
Funds in dollars were raised for 358 and 687 days with a yield of 6.5% and 7.53% per annum, respectively.
It is also reported that the hryvnia equivalent of the funds raised at the official rate of the National Bank stood at UAH 33.293 billion.
