With skepticism growing about the IMF accord, the Finance Ministry managed yesterday to sell only 400 million in hryvnia bonds — about 7% of the volumes of the previous two auctions. After consulting with bidders, the seller decided not to put up for auction 6-month and 21-month bonds. After offering 4-year bonds, the seller rejected all six bids, for rates ranging from 11.4% to 12.5% per annum. In the only successful offer, the Ministry sold the equivalent of $14 million worth of 1-year bonds at the previous rate of 10.3%. The seller rejected six bids at rates up to 11%.
With skepticism growing about the IMF accord, the Finance Ministry managed yesterday to sell only 400 million in hryvnia bonds — about 7% of the volumes of the previous two auctions.
