Fueled by foreign investors looking for high yields, the Finance Ministry sold a record $1.85 billion worth of government bonds at auction yesterday. Yields on hryvnia bonds ranged from 10% for 3-month bonds to 12.18% for 5-year bonds, the Ministry reported on Facebook. In addition to offering hryvnia bonds with seven different tenures, the Ministry offered 1-year bonds in dollars and euros. Investors bought $266 million worth of dollar bonds with 3.85% yields and €56.7 million worth of euro bonds with 2.5% yields.
Fueled by foreign investors looking for high yields, the Finance Ministry sold a record $1.85 billion worth of government bonds at auction yesterday
