Finance Ministry borrows US$591 mln on domestic market

Ukraine's Finance Ministry borrowed UAH 16.768 billion, or US$591 million, for the national budget at the latest weekly auction to place government domestic loan bonds held on November 24.

Funds in hryvnias were raised through the sale of five packages of securities worth UAH 6.96 billion (US$245.3 million), UAH 3.36 billion (US$118.4 million), 521.9 million, 18.4 million, and UAH 192.5 million (US$6.8 million) with 140-, 189-, 336-, 812-, and 1,274-day maturity periods, and a weighted average yield of 10.00%, 10.25%, 10.75%, 11.40%, and 11.70% per annum, respectively, the ministry said on its website.

Read alsoWeekend quarantine: Zelensky announces promised bailout for businessesFunds in euros were raised through the placement of securities worth EUR 157.7 billion with a 344-day maturity period and a weighted average yield of 2.45% per annum. The hryvnia equivalent of the raised funds amounted to UAH 5.3 billion at the rate of the National Bank.

Background

In late April, the Finance Ministry returned to the domestic borrowing market after a few weeks off, having resumed weekly auctions to place government domestic loan bonds.

In January-October 2020, the ministry raised UAH 151.7 billion (US$5.3 billion) to the state budget, as well as US$2.8 billion and EUR 630 million.