Finance Ministry holds first government bond auction via Bloomberg platform

Finance Ministry holds first government bond auction via Bloomberg platform

The Ukrainian Finance Ministry successfully held the first auction to sell government domestic loan bonds via Bloomberg platform.

“On October 1, 2019, the Finance Ministry attracted UAH 77.2 million to the state budget as a result of the sale of government domestic loan bonds via Bloomberg platform,” the ministry wrote on its Facebook page.

Yield rates on placed government bonds were: for 3-month government bonds - 15.75% (a decrease by 25 basis points), 1-year government bonds - 15.09%, 2-year government bonds - 15.36% (a decrease by 14 basis points).

The ministry also added that out of 16 submitted bids to buy domestic loan bonds, 14 were satisfied.

As Ukrinform reported, the Finance Ministry and the National Bank of Ukraine decided to use Bloomberg platform to hold government bond auctions, which would improve access of Ukrainian and international banks participation in the primary market for Ukrainian government bonds.

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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