Finance Ministry borrows US$786 mln on domestic market

Ukraine's Finance Ministry borrowed UAH 22.209 billion, or US$786 million, for the national budget at the latest weekly auction to place government domestic loan bonds held on December 22.

Funds in hryvnias were raised through the sale of nine packages of securities worth UAH 1.58 billion (US$55.9 million), UAH 3.84 billion (US$135.9 million), UAH 3.2 billion (US$113.3 million), UAH 5.1 billion (US$180.5 million), UAH 1.51 billion (US$53.5 million), UAH 182.1 million (US$6.4 million), UAH 398.2 million (US$14.1 million), UAH 399.7 million (US$14.15 million), and UAH 2.17 billion (US$76.8 million) with 84-, 112-, 196-, 343-, 539-, 784-, 1,043-, 1,246-, and 1,526-day maturity periods, and a weighted average yield of 10.00%, 10.25%, 10.75%, 11.62%, 11.75%, 11.85%, 12.00%, 12.09%, 12.15%, and 11.34% per annum, respectively, the ministry said on its website.

Read alsoUkraine places additional eurobonds worth $600 mlnFunds in dollars were raised through the placement of securities worth US$138.5 billion with a 358-day maturity period and a weighted average yield of 3.80% per annum.

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-November 2020, the ministry raised UAH 171.7 billion (US$6.1 billion) to the state budget, as well as US$2.9 billion and EUR 788 million.