The Ministry of Finance of Ukraine held another auction for the exchange (switch auction) of domestic government bonds. The volume of satisfied applications amounted to UAH 15 billion at face value.
Investors were offered to exchange bonds with a maturity date of August 5, for a new issue with a maturity date of December 5, 2029. The term of circulation of the new bonds is about 3.5 years. The weighted average yield of the placed bonds was 12.84%.
As a result of the exchange auction, 14.15 million units of government bonds maturing on August 5, for a total amount of UAH 15.19 billion, will be credited to the issuer’s account. After that, the specified securities will be redeemed and canceled. (Finance Ministry)