Finance Ministry attracts UAH 8.3 B to state budget from sale of government bonds

Finance Ministry attracts UAH 8.3 B to state budget from sale of government bonds

Ukrinform
The Ukrainian Finance Ministry has attracted UAH 8.3 billion to the state budget following auctions on the placement of domestic government bonds on July 14, 2020, the ministry's press service has reported on Facebook.

"Today, at auctions on [the placement of] domestic government bonds, the Finance Ministry offered investors three issues of hryvnia securities with a maturity of three months, one year and three years, as well as foreign currency-denominated government bonds maturing in one year. […] UAH 8.3 billion has been attracted to the state budget following the auctions," the report reads.

According to the report, a decrease in yield was recorded on all issues of government bonds denominated in the national currency.

The average yield on three-month securities is 7% (a decrease of 24 basis points), on one-year bonds - 9.2% (a decrease of 30 bp), and on three-year bonds - 10% (a decrease of 47 bp).

The average yield on domestic government bonds denominated in U.S. dollars was 3.5%.

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