Ukraine's Finance Ministry borrows over UAH 1 bln, EUR 83.6 mln on domestic market

The funds in euros were raised through the placement of securities with a 581-day maturity period and a weighted average yield of 4% per annum.

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Ukraine's Finance Ministry has borrowed UAH 1.051 billion (US$40.1 million) and EUR 83.6 million for the national budget at a recent weekly auction to place government domestic loan bonds.

Read alsoUkraine's foreign reserves shrink by 1.2%, to almost US$18.2 bln in March 2018 – central bank

Hryvnia funds were raised through the placement of securities with 161-, 315-, and 1,820-day maturity periods and a weighted average yield of 17.2%, 16.99%, and 15.97% per annum, respectively, according to the ministry's website.

The funds in euros were raised through the placement of securities with a 581-day maturity period and a weighted average yield of 4% per annum.

As reported, the hryvnia equivalent of the raised funds amounted to UAH 3.725 billion at the rate of the National Bank.

UNIAN memo. The Finance Ministry borrowed almost UAH 25 billion ($955 million), $807 million, and EUR 123 million at bond auctions in the first quarter of 2018.

As of April 24, the amount of government securities in circulation was UAH 742.118 billion in principal debt, while the National Bank of Ukraine owns bonds worth UAH 350.325 billion, or 47% of their total volume.

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