The Finance Ministry’s weekly auction raised $700 million in hryvnia and equivalent, 20% more than last week’s auction

. Hryvnia rates were virtually unchanged Tuesday: 6 months – 9%; 14 months – 11.2%; 18 months – 11.3%; 2-year – 12.05%; and 3-year – 12.3% per annum. The novelty was a 5-year bond, which settled at 12.59%. One-year dollar denominated bonds sold for 3.7%, garnering $182 million, the Ministry reports on Facebook.

The Finance Ministry raised $513 million – in dollars, euros and hryvnia – in its weekly government bond auction yesterday.

The Ministry reported on Facebook that hryvnia bonds, annual yields were virtually unchanged: 3-month at 8.5%; 1-year at 11.2%; 18-month at 11.3%; and 2-year at 12.05%. Investors bought $63 million worth of 2-year dollar bonds at 3.9%. The majority of sales were 1-year euro bonds. Investors bought €238 million – two times more than in the total sold in the two previous euro auctions this year.

With modest borrowing needs for the week, the Finance Ministry auctioned only $51.6 million in hryvnia bonds yesterday

, the Ministry reported on its Facebook page. Coming after last week’s settlement of the government’s $1.25 billion Eurobond issue at a historically low interest rate of 6.876%, yields were virtually unchanged yesterday.  Unchanged were 6-month bonds at 9% and 1-year bonds at 11.2%. Three-year bonds moved up two basis points, to 12.3%.

ICU wrote yesterday, referring to the government hryvnia bond market:

“There has been very important improvement in market sentiment after the risk of escalating hostilities in the east of Ukraine declined, with immediate increase in Eurobonds’ and VRIs’ prices.”Add a translation in Français

The Finance Ministry raised yields yesterday on hryvnia bonds by 20 to 73 basis points.

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

Sales of hryvnia bonds at yesterday’s government auction shriveled to the equivalent of $56.7 million – more than last week’s amount but 14% of the week before

. War clouds with Russia and tomorrow’s expected interest rate hike by the Central Bank may have pushed buyers to hold off.

With the ‘Big Construction’ program running up government debt this summer,

the government has approved extending state guarantees Ukravtodor for the hryvnia equivalent of $357 million in loans or bonds. Separately, the state highway agency has set up a unit to prepare for the offering this summer of state-guaranteed Ukravtodor hryvnia bonds to foreign and domestic investors.

For hryvnia bonds, the Ministry pushed down yields on 3-months bonds by 35 basis points,

to 7.98%, and on 1-year bonds by one basis point, to 10.74%. To sell $34.6 million worth of 2-year bonds, the Ministry raised the yield by 10 basis points, to 11.8%, according to the Ministry’s website. In general, the weighted average rate at yesterday’s auctions fell to 10.67%, from 11.64% one week ago. Last week, the Ministry sold the equivalent of $232 million, reports ICU.

Concorde Capital’s Zenon Zawada writes:

Concorde Capital’s Zenon Zawada writes: “On the surface, it’s impressive that the Prosecutor General’s Office is pursuing this criminal case against Tupitskiy…We are confident that Tupitskiy won’t be prosecuted for any alleged crimes because of the “krysha” [political cover] that he enjoys, which likely extends into the Prosecutor General’s Office. Any measures it takes against him are merely for show.”

Signaling a revival of Ukraine’s aircraft building industry, the Defense Ministry has ordered three An-178-100R military transport jets from Antonov,

Signaling a revival of Ukraine’s aircraft building industry, the Defense Ministry has ordered three An-178-100R military transport jets from Antonov, the first such order since Independence in 1991. Powered by two domestic turbojet engines, this version of the An-178 can carry 18 tons of cargo, cruise at 825 km/h, and fly a maximum of 5,000 km. For comparison, the flight distance between Uzhgorod and Kharkiv is about 1,000 km.

Next year, Ukraine will establish a state airline based on a fleet of Antonov regional jets,

Next year, Ukraine will establish a state airline based on a fleet of Antonov regional jets, President Zelenskiy promised yesterday at the military cargo jet signing ceremony. Yuri Guzev, the new general director of UkrOboronProm said: “We expect to sign new government contracts for the manufacture of An-178 aircraft from 2021.” Last month, the Cabinet of Ministers signed off on a 10-year, $1.4 billion program to develop and modernize Ukraine’s aviation industry.

The Dnipro shipping season is being extended to Jan. 15, an unprecedented extension into mid-winter.

The Dnipro shipping season is being extended to Jan. 15, an unprecedented extension into mid-winter. Studying long term weather forecasts, the Maritime and River Transport Service on Monday made its third shipping season extension since November 11. With the latest extension, shippers will get two extra months of use of the river’s six locks. Closing the river involves pulling out hundreds of buoys.

The

The Finance Ministry made another high volume government bond sale yesterday — $874 million in equivalent. With this auction, the Ministry has raised nearly $3.5 billion in the last three weeks – more than the $2.9 billion in the first 11 months of this year.

For the eight different hryvnia bonds offered, yields have changed little since last week,

For the eight different hryvnia bonds offered, yields have changed little since last week, ranging from 10% for 3-month bonds, to 12.25% for 5-year bonds. With 3-month bonds in dollars offering a 2.9% yield, investors snapped up $323 million worth – 37% of yesterday’s total sale.

Interpipe, Ukraine’s top producer of steel pipes and railroad wheels, is buying back $75 million worth of its 2024 Eurobonds,

Interpipe, Ukraine’s top producer of steel pipes and railroad wheels, is buying back $75 million worth of its 2024 Eurobonds, the company reported. CEO Fadi Hraibe told investors “Various instruments are also being considered for attracting financing for Capex: issuing Eurobonds, attracting project financing and attracting bank financing.” He later clarified that Interpipe does not have immediate plans to issue a new Eurobond. Located in Dnepropetrovsk, the mines-to-metals company employs about 11,000 workers.

Ukraine’s international reserves are “over $28.5 billion,” the highest level in eight years

Ukraine’s international reserves are “over $28.5 billion,” the highest level in eight years, Bohdan Danylyshyn, head of the Council of the National Bank of Ukraine, wrote on his Facebook page. This would be $3.2 billion higher than at the start of 2020, or a 13% increase. He wrote that during this year of the Covid shock, Ukraine’s Central Bank spent up a net $1.1 billion to defend the hryvnia.

In a televised briefing, the Economy Minister Petrashko said that Ukraine’s GDP probably shrank in the fourth quarter by 3% yoy.

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Bucking the Covid recession, the number of IT companies and IT workers in Lviv increased by 7% in 2020, compared to the previous year, according

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Ukraine is preparing to negotiate Free Trade Agreements in 2021 with China, Vietnam, Indonesia, Egypt and Jordan, said

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Tripling Vietnam-Ukraine trade to $1 billion by 2023 and forging a bilateral free trade pact

Tripling Vietnam-Ukraine trade to $1 billion by 2023 and forging a bilateral free trade pact were two goals set at a meeting Monday in Kviv between Nguyen Hong Thach, Vietnam’s ambassador to Ukraine, and Taras Kachka, Ukraine’s Deputy Minister for Economic Development and Trade. Both officials agreed to expand air links and to speed up establishment of a Vietnam House in Kyiv and of a Ukraine House in Hanoi, reports Vietnam News Agency. By contrast, China-Ukraine trade is believed to

A recently agreed $1 billion “linked loan” from China “is not a victory,”

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In advance of the January 20, 2021 inauguration of President-elect Joe Biden, Washington-based Radio Svoboda continues to investigate Ihor Kolomoisky’s investments in the US

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President Zelenskiy yesterday suspended the Chief Justice of the Constitutional Court through February

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