Yesterday the Finance Ministry sold $285 million worth of bonds, 21% less than the previous week.

The sale covered half of UAH 15.6 billion in principal repayments due today. Interest rates on all six bonds were unchanged from the previous week, the Ministry reported. They ranged from 10.99% for 1-year hryvnia bonds to 12.59% for 5-year hryvnia bonds. The Ministry also sold €8 million worth of 1-year Euro bonds at 2.5%. Demand may have been weak as investors were waiting for tomorrow’s meeting of the central bank’s rate setting board.

Ukravtodor’s Eurobonds, offered under sovereign guarantees, were three times oversubscribed last week

, Infrastructure Minister Oleksandr Kubrakov writes on Facebook. Ukravtodor received applications for nearly $2.4 billion and placed $700 million. With the yield on the 7-year bonds priced at 6.25%, the “Big Construction” bonds “received a historically low rate compared to previous Ukrainian sovereign placements in US dollars,” he wrote. Dragon Capital, a joint lead manager with JP Morgan, said bids came from about 140 investors – UK – 41%; US – 28%; and Europe – 28%.

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.