Concorde Capital notes
Thursday, June 27, 2019


Concorde Capital notes that UAH 4.4 billion – or almost 60% of the hryvnia auction receipts – were for six year bonds, with a weighted average interest rate of 15.85%. Eager for returns and confident in Ukraine’s near term financial administration, investors accepted the Finance Ministry lowering interest rates on dollar bonds from one week to the next. The interest rate for one-year dollar-denominated bonds dropped to 7%, from 7.25% last week. Th yield on two year bonds dropped to 7.5%, from 7.75% last week.