The Ministry of Finance sold government bonds to the value of nearly UAH 7 billion.

Raising UAH 6.962 billion at the auction for the placement of domestic government bonds, as reported on the Ministry’s Facebook page.  Investors were offered five issues of securities in hryvnia bonds: 1-year bonds at 11.5%, 1.5-year at 11.58%, 2-year at 12.39%, 3-year at 12.47%, and 6-year at 13.01 %. The greatest demand was for 6-year securities.

The Finance Ministry has tripled proceeds from its weekly bond auction, netting the equivalent of $361 million yesterday.

This figure compares with $113 raised million last week, the Ministry reports on Facebook.  Yields were virtually unchanged for the six bonds offered. The most popular hryvnia bond, the 2-year, offered a yield of 12.09%. Investors also bought $65 million worth of 1-year dollar bonds, which carried a yield of 3.7%, the Ministry reports on its website.