Ukraine's Finance Ministry borrows over UAH 1.7 bln in domestic market

No bonds have been placed in foreign currency.

Ukraine's Finance Ministry has borrowed UAH 1.77 billion, or US$70.3 million, for the national budget at the latest weekly auction to place government domestic loan bonds.

The funds in hryvnias were raised through the placement of securities with 168-, 357-, 861-, and 2,009-day maturity periods and a weighted average yield of 14.30%, 14.50%, 17.25%, and 15.84% per annum, respectively, the ministry said on its website on August 28.

No bonds have been placed in foreign currency, the report said.

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As UNIAN reported earlier, the Finance Ministry borrowed UAH 166.6 billion ($6.6 billion), $3.2 billion, and EUR 189 million for the national budget at weekly bond placement auctions in January-July 2019.

In July, the ministry boasted about this year's biggest borrowing on the domestic market after government domestic loan bonds were placed for UAH 33.3 billion (almost $1.3 billion) in total, including $1 billion.

Ukraine's foreign currency debt payments in the second half of 2019 are estimated at about $4.6 billion, including peak payments in September when $1.7 billion need to be paid.