Ukraine's Finance Ministry borrows over US$47 mln on domestic market

The total hryvnia equivalent of the raised funds at the NBU forex rate was UAH 1.311 billion.

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Ukraine's Finance Ministry has borrowed UAH 182.565 million (US$6.6 million) and US$40.629 million for the national budget at a recent weekly auction to place government domestic loan bonds.

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The hryvnia funds were raised through the placement of securities with 77-, 175-, and 287-day maturity periods and a weighted average yield of 19%, 18.5%, and 18.5% per annum, respectively, according to the ministry's website.

The foreign currency funds were raised through the placement of securities in U.S. dollars with 210-, 336-, and 420-day maturity periods and a weighted average yield of 6.7%, 7.25%, and 7.43% per annum, respectively.

As reported, the total hryvnia equivalent of the funds raised was UAH 1.311 billion at the forex rate of the National Bank.

UNIAN memo. Government securities worth UAH 741.073 billion ($26.7 billion) in principal debt were in circulation as of November 20. The National Bank of Ukraine currently owns bonds worth UAH 348.1 billion ($12.5 billion), or 47% of their total volume.

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