Foreign investment in hryvnia denominated bonds hit the equivalent of $4 billion

Foreign investment in hryvnia denominated bonds hit the equivalent of $4 billion, boosted by $43 million of purchases at Tuesday’s weekly auction, reports the National Bank of Ukraine website. Since the start of the year, foreign investment in Ukraine’s government bonds has increased 16-fold, boosted in part by the May trading link with Clearstream. Foreigners now own 12.5% of Ukrainian internal government securities. If bonds in the portfolio of the National Bank are removed, the foreign participation in the market rises to about 40%.