Finance Ministry attracts UAH 1.955 bln at domestic bonds auction

Finance Ministry / Photo from UNIAN

The Ministry of Finance of Ukraine on Tuesday, November 3, attracted UAH 1.955 billion (US$58.8 million) to the state budget at a weekly auction of domestic government loan bonds.

As reported on the ministry's website, two hryvnia-denominated bond packages have been placed, worth UAH 1.952 billion ($68.76 million) and UAH 2.793 million ($98,234), respectively, maturing in 119 and 1,092 days, with an average weighted rate of 7.50% and 10.95% per annum.

Read alsoUkraine's international reserves shrink by 8.7% in SeptIt is noted that the auction for one-year bonds was not held on Tuesday.

Background

• In late April, the Ministry of Finance, after a few weeks' break, returned to the domestic borrowing market, having resumed holding weekly auctions for the placement of domestic government loan bonds.
• The Ministry of Finance attracted UAH 136.2 billion, US$2.6 billion, and EUR 630 million to the state budget at such auctions in January-September 2020.