The demand for government domestic loan bonds at primary auctions on Feb. 18 fell to Hr 1.8 billion with offer being Hr 4.5 billion. The Finance Ministry of Ukraine retained the cut-off rates, but average rates slightly grew.
According to a posting on the ministry’s website, the volume of bids for three-year securities was only Hr 0.04 billion with offer being Hr 2 billion.
The demand for shorter government bonds formed by domestic market players also fell: to Hr 1.16 billion for 18-month bonds with the increase in offer from Hr 1 billion to Hr 1.5 billion and to Hr 0.6 billion for five-month bonds with doubled offer, to Hr 1 billion.
Average rate for three-year bonds grew to 9.84%, for 18-month bonds to 9.77% and for five-month bonds to 9.6%.
The cut-off rates were maintained at 10.15%, 10.1% and 10% per annum respectively.
