The Ministry of finance sold bonds for UAH 2.8B.

 At an auction on January 25, the Ministry of Finance sold domestic loan bonds worth UAH 2.846B: 3-month bonds for UAH 2.842B and 1.5-year bonds for only UAH 4M. The Ministry of Finance proposed the placement of IGLBs for 3 months, 1 year, 1.5 years, and 2 years. All the demand fell on 3-month securities, for which the Ministry of Finance raised the rate by 55 bp., up to 11.5%. The Ministry of Finance sold 1.5-year IGLBs for only UAH 4M without changing rates. No securities for 1 and 2 years were sold at all. The Ministry of Finance refused to raise rates on these securities.