Concorde Capital’s Evgeniya Akhtyrko writes:

Concorde Capital’s Evgeniya Akhtyrko writes: “The rising interest rates at this latest bond auction was not sufficient to boost demand for local Ukrainian bonds…The recent low volumes of raised state debt will pose problems for financing budget deficits in the coming months. In this situation, the governments will have to noticeably hike interest rates for local bonds and/or restrain budget expenditures.”