Investors showed no interest in two-year hryvnia-denominated bonds offered for sale on July 14 / Photo from investgazeta.net
The Ukrainian Finance Ministry's plans to place government domestic loan bonds at this month's first auction on July 14 were not successful, according to the ministry's website.
Offered for sale were two-year hryvnia-denominated bonds, however, investors showed no interest in their purchase.
The ministry plans to hold another auction in July to place government domestic loan bonds, including foreign currency bonds maturing in 12 months.
As of July 14, the principal amount outstanding on government domestic loan bonds in circulation was UAH 491.242 billion, while the National Bank of Ukraine's share in government securities is 73.15%, or UAH 359.358 billion of the total amount, banks hold UAH 83.850 billion and non-residents own UAH 23.794 billion.
Ukraine's 2015 state budget envisages limiting the amount of the budget deficit to UAH 63.670 billion, or 3.7% of GDP, and public debt this year is expected at UAH 1.176 trillion, or 68% of GDP.