“The Ministry of Finance of Ukraine, in conjunction with the National Bank of Ukraine, have decided to offer government bond auctions via Bloomberg's Auction System (BAS). This will facilitate the participation of local and international banks operating in the primary market for Ukrainian government bonds,” reads the report.
According to Yuriy Butsa, Government Commissioner for Public Debt Management, the cooperation with Bloomberg marks the next stage in implementation of best practices in the development of the Ukrainian government bond markets. “Improved transparency and investor awareness should have a positive impact on the expansion of the investor base, and increase the share of national currency in the state debt,” he said.
Bloomberg Auction System is used by government agencies, central banks and financial institutions to perform their auction tenders electronically, and by market participants to track these auctions and enter bids. Bloomberg’s auction system is used in more than 30 countries globally.
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