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You're reading: Investors not warming up to future war bonds issue
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There has been a lot of noise in the social media over
lack of food and other products in Ukrainian military units being deployed for anti-terrorist
action. Massive criticism led to the previous acting Defense Minister Igor
Tenyukh’s resignation on March 25.

Two-year bonds will be placed twice: Hr 1 billion and Hr 100
million, both with a 7 percent interest rate. State-owned Oshchadbank will sell
the securities to both institutional investors and the general public.

However, analysts do not foresee great demand for
those bonds as, for instance, government 70-days bonds have 9.95 interest rate
and thus provide a substantially greater return. “Money will not be raised,”
said Dragon Capital fixed income sales Sergiy Fursa. The local bond market is
experiencing some hard times and friendly state-owned banks purchase most of
the government securities, he added.

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