In April, UAH 14.2 billion in national currency and UAH 30.6 billion in foreign currency (in hryvnia equivalent) were attracted to the state budget as a result of the sale of domestic government bonds, Chairman of the Council of the National Bank of Ukraine (NBU) Bohdan Danylyshyn wrote on his Facebook page.
“The volumes of state borrowings to finance the state budget in April were the lowest in the last 12 months. In April, the state budget received UAH 14.2 billion in national currency and UAH 30.6 billion in foreign currency (in hryvnia equivalent). At the first auction in May, the Ministry of Finance raised only UAH 1.4 billion with a weighted average interest rate of 10.81%. At the same time, the demand for bonds was low – all applications for 1- and 3-year domestic government bonds were satisfied and 3/4 of applications for 6-month government securities,” Danylyshyn wrote.
He noted that two more auctions for the placement of domestic government bonds were scheduled for May (May 18 and 25), where investors would be offered hryvnia bonds for up to 3 years, as well as 1-year bonds in euros and 2-year bonds in US dollars. (Ukrinform/Business World Magazine)
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