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As Bloomberg explains, Ukraine is in a state of war for the third straight year and has become the largest recipient of investment from the Arkaim Advisors debt fund. With a return of 12% this year, the fund outperformed 99% of similar funds. Arkaim owns debt obligations from state-owned companies such as Naftogaz and Ukrzaliznytsia, as well as the mining and metallurgical holding of Metinvest. These companies have shown strong emerging market returns of around 73%, 52%, and 19%, respectively,

Last week, investors’ interest in UAH bonds with longer maturities sharply increased as they tried to lock in current YTMs for longer. Taking advantage of the high demand, the Ministry of Finance continued to lower rates of return on UAH instruments, reported the ICU. The Ministry of Finance (MoF) offered the usual maturities of UAH bonds (one-, two- and three-year securities) and a 12-month EUR-denominated paper at 3.25% in the primary bond market. Demand for one-year bills was below the

 Ukrainian Eurobonds have been falling in price for almost a month, losing an average of another 7.7% last week. The shortest-maturing securities decreased the least in September this year – by 1.5% to 68.6% of face value. Still, due to the proximity of maturity, the interest rate rose to 241.8% per annum against 208.5% per annum a week earlier. Quotes of securities maturing in 2023-2025 fell by 6.4-7.4% during the week, in 2026-2028 – by 9.6-9.9%, and the longest, maturing

Ukrainian Eurobond prices have fallen for the third week in a row, dropping on average by another 4.5% last week. The shortest maturity securities, in September of this year, decreased the least – by 0.4% to 69.6% of face value. Still, due to the proximity of their maturity, the rate rose to 190.3% per annum against 171% per annum a week earlier. Quotes on securities maturing in 2023-2025 fell by 2.7-3.6% over the week, in 2025-2029 by 4.4-6.9%, and the

 On May 24, the Ministry of Finance placed more than UAH 12.6B ($40M) worth of military bonds, which is almost twice as much as last week, announced the Ministry of Finance. The placement was as follows: 3-month hryvnia bonds at 9.5% per annum raised UAH 546M ($17M) 6-month hryvnia securities at 10% per annum raised UAH 8.7B 5-year hryvnia bonds at 11.5% per annum raised UAH 90M 1-year dollar bonds at 3.7% per annum, raising $55M. 6-month euro bonds at

 At an auction for the sale of military bonds on April 12, the Ministry of Finance raised UAH 6.17B  ($203M) for the state budget. Investors were presented with two issues of hryvnia military bonds with a maturity of 6 months and 1.3 years at rates of 10% and 11%, respectively. Their release raised UAH 1.7B and UAH 4.7B, respectively.

Investors were offered government bonds in hryvnia with a maturity of 3 months, 1 year, 1.5 years, 2 years, and 4 years, and bonds in euros were offered with a maturity of 3 months. The biggest demand was focused on 3-month IGLBs in hryvnia, from the placement of which UAH 2.9B was attracted to the state budget. The weighted average rates on all securities remained unchanged except for 3-month IGLBs (+10 bp) in hryvnia. Thus, the weighted average yield of

 At an auction on February 8, 2022, the Ministry of Finance offered investors securities denominated in hryvnia with a maturity of 3 months, 1 year, 1.5 years, 2 years, 3 years, and 5 years and in foreign currency (US dollars) with a maturity of 2 years. As a result of the auction, UAH 2,096M ($75M) in equivalent was attracted to the state budget,” the message says. The weighted average yield of 3-month government bonds was 11.50%, 1-year – 11.93%, 1.5-year

 At an auction on January 25, the Ministry of Finance sold domestic loan bonds worth UAH 2.846B: 3-month bonds for UAH 2.842B and 1.5-year bonds for only UAH 4M. The Ministry of Finance proposed the placement of IGLBs for 3 months, 1 year, 1.5 years, and 2 years. All the demand fell on 3-month securities, for which the Ministry of Finance raised the rate by 55 bp., up to 11.5%. The Ministry of Finance sold 1.5-year IGLBs for only UAH

The regular belligerent statements by Russian officials led to a fall in Ukraine’s Eurobond prices by 2-4.7% on Thursday (depending on the maturity). As a result, the maturity rates of almost all securities exceeded 10% per annum. According to Interfax on the other hand, the price of the shortest securities growing this year spiked up from 10.6% to 14.25%. Eurobonds growing in 2023 have fallen in price by 2.9%, which led to an increase in yields from about 10% to

On January 11, 2022, the Ministry of Finance raised a sum of UAH 3.87 B ($ 141 M) of the state budget at an auction for the placement of domestic government bonds. According to NBU, the Ministry of Finance offered investors six securities issues in the national currency with an average weight yield of: 3 months-10.95%, 1 year-11.90%, 1.5 year-11.90%, 2 year-12.94%, 3 year -12.95%, and 4 year-13.09%

The auction raised $553 mln, with circulation terms of 3 months, 6 months, 1 year, 2 years, and 3 years. The weighted average yield is 3 months 10.50%, 6-month 10.80%, 1 year 11.90%, and 2 years and three years 12.90%.

The Ministry of Finance of Ukraine will continue the practice of buying or exchanging government securities (Eurobonds) to smooth the repayment schedule, according to the updated medium-term strategy for public debt management for 2021-2024. In addition, the strategy specifies the diversification of foreign currencies in the debt portfolio as one of the measures to reduce the currency risk of the public debt. As a result, the strategy aims to reduce Ukraine’s direct public debt, which amounted to 60.8% of GDP

Investors were offered seven issues of securities in the national currency. The weighted average yield of 6-month IGLBs was 10.5%, 1-year – 11.55%, 1.5-year – 11.57%, 2-year – 12.47%, 3-year – 12.7%, 5-year-olds – 12.75%, and 6-year-olds – 13.25%. The greatest demand was concentrated on 1-year securities.

On November 4, the National Commission on Securities and Stock Market registered the issue of domestic bonds valued at ₴300 mln ($11.4 mln). With a Nominal value of ₴10,000 ($380), and redemption of M series bonds is scheduled from September 25 to 27, 2024. The City of Kyiv plans to attract ₴1.1 bln ($41.8 mln) through the issue of domestic loan bonds in three issues: series “M” ₴300 mln ($11.4 mln); series “N” and “O” ₴400 mln ($15.2 mln) each.

In a bid to resolve the payments crisis gripping the country’s renewable energy sector, the proceeds will cover all payment arrears owed to renewable energy producers. The investment will help to restore the credibility of the Ukrainian renewable energy sector and boost the confidence of private investors and financiers, paving the way for much-needed investment to support the country’s green transition.

it reported on its Facebook page. It offered investors five issues of securities in the national currency and noted that bond rates remained unchanged compared to previous auctions. The weighted average yield of 1-year IGLBs was 11.50%, 1.5-year – 11.57%, 2-year – 12.40%, 3-year – 12.49%, and 5-year – 12.75%.

Since the beginning of 2021, Ukrainians have purchased more than UAH 2 bln worth of domestic government bonds through Privatbank, of which 65% (almost UAH 1.3 billion) are online through Privat24. At the same time, the number of clients who invested their money in government bonds was more than 2,500 people. The greatest demand for individuals is 12- and 18-months hryvnia IGLBs, as well as 24 US dollar bonds, the bank added.

. At the Bond auctions, the Ministry of Finance offered investors six issues of securities in the national currency. The weighted average yield of 6-month was 9.70%, 1-year – 11.50%, 1.5-year – 11.57%, 2-year – 12.40%, 3-year – 12.49%, and 5-year – 12.75% (reports).

Ukraine has repaid the third and last issue of the US guaranteed notes. The total payment of $1 bln was a redemption payment and interest payments amounted to $7.355 million. The Eurobond was issued under the US guarantee with a nominal amount of $1 billion in 2016 at a yield of 1.471% per year. This is the last out of three US-guaranteed notes issued in 2014-2016 at an interest rate of less than 2% per annum, the first of which