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In October, the Ministry of Finance raised a record ₴107B from the issuance of government bonds.

Ukraine will fully settle with the IMF under the 2018 stand-by program.

Time is money concept with pocket watch and euros bills closeup

Last month ₴106.9B was obtained from OVDP sales, equivalent to ₴83.4B and $569M. At the same time, military bonds accounted for almost ₴82.8B of the total volume of government bonds issued last month.

As of November 1, over ₴1.76T worth of OVDP bonds are in circulation. The largest shares are held by commercial banks (46.7%) and the NBU (38.5%). Legal entities and individuals hold 8.4% and 4%, respectively. The share owned by non-residents is 1.3%.

The weighted average yield of hryvnia-denominated bonds was 15.6% in October, and dollar-denominated bonds were 4.62%. At the last bond placement auction on November 5, the ministry raised ₴21.46B, which is ₴1.7B less than the previous week.

It is worth noting that after a three-week break, the Ministry of Finance is again offering to buy benchmark bonds maturing on October 28, 2026, and September 29, 2027, which banks can use to form mandatory reserves.

 

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