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Demand was particularly strong because Tuesday’s auction included five-year notes

Friday, September 27, 2019
Demand was particularly strong because Tuesday’s auction included five-year notes

Demand was particularly strong because Tuesday’s auction included five-year notes, which the Finance Ministry offers only once a month. “This issue set a few new records,” writes Taras Kotovych, research director for ICU. There was a record number of bids – 77 – and record demand – 14.6 billion hryvnia, or $600 million.

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The threat of a return of PrivatBank to its former owners and an end to the independence of the central bank were the two main worries of the IMF team

The threat of a return of PrivatBank to its former owners and an end to the independence of the central bank were the two main worries of the IMF team

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