Finance Ministry borrows US$568 mln on domestic market

Ukraine's Finance Ministry borrowed UAH 15.962 billion, or US$568 million, for the national budget at the latest weekly auction to place government domestic loan bonds held on December 8.

Funds in hryvnias were raised through the sale of six packages of securities worth UAH 3.3 billion (US$117.5 million), UAH 1.02 billion (US$36.3 million), UAH 1.9 billion (US$67.6 million), UAH 824.4 million (US$29.3 million), UAH 313.8 million (US$11.2 million) and UAH 2.8 billion (US$99.7 million) with 84-, 189-, 322-, 798-, 1,260-, and 1,540-day maturity periods, and a weighted average yield of 10.00%, 10.49%, 11.22%, 11.67%, 11.89%, and 12.04% per annum, respectively, the ministry said on its website.

Read alsoHryvnia strengthens to U.S. dollar on Dec 9Funds in dollars were raised through the placement of securities worth US$204.1 million with a 316-day maturity period and a weighted average yield of 3.79% per annum. The hryvnia equivalent of the raised funds amounted to UAH 5.8 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$5.4 billion) to the state budget, as well as US$2.8 billion and EUR 630 million.