13 Jul 2022 15:06

Ukrainian MinFin hikes yield on govt military bonds to 4%-4.5%, raises $330.5 mln

MOSCOW. July 13 (Interfax) - The Ukrainian Finance Ministry at primary auctions on Tuesday again decided against increasing yield on hryvnia-denominated military bonds, as a result of which sales remained low at UAH 143.5 million, but it did increase yield on USD bonds, enabling it to raise as much as $330.5 million.

The ministry said on its website that it agreed to 3.5% on three-month USD bonds 4% on six-month and 4.5% on one-year bonds, while previously six-month bonds were placed at 3.5%, 12-month at 3.7% and 20-month at 3.9%.

Six-month bonds were sold for $183.8 million, three-month for $140.6 million and one-year for $6 million.

Demand at auctions for the hryvnia-denominated government bonds rose to UAH 3.92 billion in the hope that the MinFin would raise yield, from UAH 2.94 billion a week earlier.

Buyers asked for up to 23.5% for four-month bonds, up to 22% for six-month bonds, up to 15% for one-year bonds and up to 18% for two-year bonds, but the seller again decided not to change the yield. As a result, only non-competitive bids were satisfied.