Ukraine plans to place only hryvnia bonds this fall, suspending auctions of dollar and euro-denominated bonds, Yuriy Butsa, the government’s representative for public debt management told ICU’s Ukrainian Financial Forum.“Our goal in the future is to switch to exclusively hryvnia borrowing in the local market,” he said, noting that half of the funding this year was in hryvnia. With the government needing only $2 billion to get through this year, it will also suspend issuing five-year bonds, he said. Instead, the weekly Tuesday auctions will be for 1-2-3-year bonds.
Ukraine plans to place only hryvnia bonds this fall, suspending auctions of dollar and euro-denominated bonds
