You're reading: Ukraine raises over $400 million from sale of currency bonds at 5-5.4 percent

Ukraine’s Finance Ministry on December 19 sold 12-month government domestic loan bonds denominated in foreign currency to the tune of $378.46 million at 5 percent per annum and similar 24-month bonds worth $23.63 million at 5.4 percent 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 Hr 341.38 million, having lowered the rate to 16 percent from 16.3 percent per annum, which was fixed a week before. It also sold six-month bonds worth Hr 118.15 million, having slightly raised the yield to 16.0 percent from 15.9 percent per annum.

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