— $358.6 million and 15.9 million hryvnia, or $580 million. Interest rates were virtually unchanged on the hryvnia bonds, ranging from 8.42% for 3-month bonds and 12.3% on 3-year bonds. For dollar bonds, rates did not change: 3.7% for 1-year bonds, and 3.9% for 2-year bonds. The Ministry posted results of the auctions on its website and on its Facebook page.
The auction raised the equivalent of $164 million which was almost three times the amount of the previous week. In yesterday’s auction, 96% of purchases were for 1-year bonds, which carried yields of 11.15%, up 40 basis points. The other yields were: 8.5% for 3-year bonds, up 73 basis points; 11.3% for 1.5-year bonds, up 20 basis points; and 12.75% for 6-year bonds, up 25 basis points. More details can be found on the Finance Ministry’s site and on its
Yuriy Geletiy, a deputy governor of the National Bank of Ukraine, told reporters yesterday. “Prior to Russia’s concentration in the East, investors were actively buying IGLBs,” he said, referring to the bonds. “Unfortunately, Russia’s provocative actions at the border have worsened investors’ assessments of the Ukrainian market’s prospects. There is little demand from nonresidents.”