Mounting debt: Finance ministry borrows another US$851 mln

bank.gov.ua The Ministry of Finance borrowed UAH 23.644 billion, or US$851.4 million, to the state budget at the latest weekly auction selling off government domestic loan bonds, held on December 29, As reported on the ministry&#39;s website, funds in hryvnias were raised through the sale of eight packages of securities worth UAH 5.17 billion ($183.4 million), UAH 858.56 million ($30.46 million), UAH 5.77 billion ($204.7 million), UAH 990.88 million ($35.15 million), UAH 653.13 million ($23.17 million), UAH 611.2 million ($21.7 million), UAH 103.69 million ($3.68 million) and UAH 324.57 million ($11.51 million) with of 77-, 189-, 336-, 532-, 777-, 1,036-, 1,239-, and 1,519-day maturity periods, respectively. Read alsoMacroeconomic outlook for 2021: GDP growth at 4% with moderate inflationFunds in dollars were raised as a result of the sale of bonds worth $322.85 million with a 92-day maturity period, with a weighted average yield of 2.90% 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.

Mounting debt: Finance ministry borrows another US$851 mln

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