Finance Ministry attracts over UAH 1 bln to budget from government bonds’ sale

Finance Ministry attracts over UAH 1 bln to budget from government bonds’ sale

Ukrinform
The Ukrainian Finance Ministry attracted UAH over 1 billion to the state budget as a result of the sale of government domestic loan bonds on May 26, 2020, the ministry’s press service wrote on Facebook.

"At auctions on May 26, 2020, the Finance Ministry offered investors securities denominated in the national currency maturing in 3, 6, 9 and 12 months. As a result of the auctions, the state budget was replenished with UAH 1,037 million,” reads the report.

The yield rates on short-term instruments have been reduced. The weighted average yield rate on 3-month government bonds amounted to 10.19% (a decrease of 31 b.p.), on 6-month government bonds - 10.33% (decrease of 45 b.p.). At the same time, the Finance Ministry did not satisfy the demand for rates, which were higher than at the previous auction, on 9-month and 12-month government bonds, leaving the yield rates for annual government bonds unchanged and attracting UAH 314 million. The auction on 9-month securities did not take place.

A reminder that at the auction held on May 19, 2020, the Finance Ministry replenished the state budget with UAH 21.2 billion from the sale of government domestic loan bonds.

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