Ukraine's Ministry of Finance Raises UAH 15.5 Billion through Bond Auction
Date: 2023-10-31 Author: Dima Zakharov Categories: ECONOMY
Ukraine's Ministry of Finance made a noteworthy financial move on October 31, 2023, by conducting a bond auction that raised UAH 15.5 billion for the state budget. This auction featured the issuance of domestic government bonds known as Obligations of Internal State Loan (OVDP).
In an official statement, the Ministry of Finance reported, "Today, the Ministry of Finance placed bonds totaling over UAH 15.5 billion in equivalent at the auction." The ministry offered investors hryvnia-denominated OVDP with the following terms: UAH 2.72 billion at 17.08% interest with an 8-month maturity, UAH 4.19 billion at 18.03% interest with a 1.7-year maturity, and UAH 5.11 billion at 18.82% interest with a 3-year maturity.
Additionally, the auction featured dollar-denominated OVDP, offering $96 million at 4.71% interest with a 1-year maturity.
The Ministry of Finance also introduced new military bonds for UAH 3.5 billion, named "Yevpatoriya," which are now available for purchase by any Ukrainian citizen through the "Diya" application. The average yield rate for these bonds at the primary auctions was set at 18.31%.
This move by Ukraine's Ministry of Finance is not only a significant financial boost for the state budget but also an opportunity for both domestic and international investors to participate in the country's financial market.
In an official statement, the Ministry of Finance reported, "Today, the Ministry of Finance placed bonds totaling over UAH 15.5 billion in equivalent at the auction." The ministry offered investors hryvnia-denominated OVDP with the following terms: UAH 2.72 billion at 17.08% interest with an 8-month maturity, UAH 4.19 billion at 18.03% interest with a 1.7-year maturity, and UAH 5.11 billion at 18.82% interest with a 3-year maturity.
Additionally, the auction featured dollar-denominated OVDP, offering $96 million at 4.71% interest with a 1-year maturity.
The Ministry of Finance also introduced new military bonds for UAH 3.5 billion, named "Yevpatoriya," which are now available for purchase by any Ukrainian citizen through the "Diya" application. The average yield rate for these bonds at the primary auctions was set at 18.31%.
This move by Ukraine's Ministry of Finance is not only a significant financial boost for the state budget but also an opportunity for both domestic and international investors to participate in the country's financial market.
