Ukraine raises over $400 mln from sale of currency bonds at 5-5.4%

Ukraine's Finance Ministry on Tuesday sold 12-month government domestic loan bonds denominated in foreign currency to the tune of $378.46 million at 5% per annum and similar 24-month bonds worth $23.63 million at 5.4% per annum.

All the seven bids to buy the 12-month bonds and 11 bids to buy 24-month bonds were satisfied, the ministry said.

However, there were no bids for another dollar-denominated government domestic loan bonds with early repayment.

Moreover, the ministry placed three-month hryvnia-denominated government domestic loan bonds worth UAH 341.38 million, having lowered the rate to 16% from 16.3% per annum, which was fixed a week before. It also sold six-month bonds worth UAH 118.15 million, having slightly raised the yield to 16.0% from 15.9% per annum.

However, the ministry did not satisfy bids for the purchase of three-month government domestic loan bonds worth UAH 300 million and six-month bonds worth UAH 270 million at rates set up to 17% per annum.