Faced with weak demand, the Ministry of Finance sold at its weekly auction only 5% of the volume of government hryvnia bonds as one week before.

Thursday, September 24, 2020
Faced with weak demand, the Ministry of Finance sold at its weekly auction only 5% of the volume of government hryvnia bonds as one week before.

Faced with weak demand, the Ministry of Finance sold at its weekly auction only 5% of the volume of government hryvnia bonds as one week before. The sale of the hryvnia equivalent of $11.8 million in bonds came as the government rejected most bidding, only conceding on 12-month bills. Here the weighted average rate rose by 18 basis points to 9.46%. The 2.5-year bills sold with yields of 10.5%.

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Dangling €1.2 billion in emergency macro-financial aid to Ukraine, Josep Borrell, the EU’s de facto foreign minister, told reporters in Kyiv yesterday that the money will only be released if Ukraine gets back on track with the IMF.

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