On the hryvnia bond market, the Finance Ministry raised rates and quadrupled government bond sales Tuesday, compared to the week prior.
Thursday, November 12, 2020
On the hryvnia bond market, the Finance Ministry raised rates and quadrupled government bond sales Tuesday, compared to the week prior. The Finance Ministry reports that it raised the equivalent of $280 million, largely on the strength of 3-month hryvnia bonds which went for 9%, up from 7.5% last month. The auction sold $10 million worth of 1-year bonds at 10.42%, virtually the same rate as two weeks ago. The Ministry rejected as too high all bids for its 2-year bonds. For dollar denominated bonds, the ministry sold a total of $82.3 million to 35 bidders with a weighted average yield of 3.62%.