Investors bought $71 million worth of hryvnia T-bills at Tuesday’s auction

Investors bought $71 million worth of hryvnia T-bills at Tuesday’s auction, two thirds more than the previous week, reports the Finance Ministry. In keeping with the Ministry’s strategy of pushing investors toward longer-term bonds, 77% of bonds sold were five-year notes. The weight-average yield was 15.30%. As of last week, short term borrowing accounted for 61% of outstanding bonds, down from 97% at the start of the year, reports ICU.