Ukreximbank has bought $485 million in hryvnia bonds from Ukravtodor, the state highways agency, reports Interfax-Ukraine. In three placements, the state-owned bank agreed to a 10.5% yield for one year bonds and 9.99% yields for two and three year bonds. Of the $3 billion budgeted for the government’s ‘Big Construction’ roads program this year, 22% is to come from loans with state guarantees, 37% from the Road Fund, and 41% from the Covid-19 Fund.
Ukreximbank has bought $485 million in hryvnia bonds from Ukravtodor, the state highways agency,
