Ukraine’s finance ministry raises record small amount for war bonds at auction

17 August, 12:25 PM
The Ministry of Finance sold OVDP bonds for only UAH 71.5 million (Photo:Yelyzaveta Serhiienko / NBU)

The Ministry of Finance sold OVDP bonds for only UAH 71.5 million (Photo:Yelyzaveta Serhiienko / NBU)

Ukraine’s Finance Ministry at an auction on Aug. 16 raised only UAH 71.5 million ($1.9 million) in war bonds, without changing bond interest rates, the ministry reported on Facebook.

Investors were offered hryvnia bonds with a maturity of six, 12 and 14 months.

Thus, the ministry raised UAH 33.39 million ($913,078) from placing six-month bonds at 12% per annum, UAH 32 million ($875,068) from placing 14-month bonds at 16% per annum, but only UAH 6 million ($164,076) from placing 12-month bonds at 14% per annum.

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As reported earlier, the amount of funds paid by the government to repay domestic debt instruments has exceeded the amount of funds raised for the state budget at auctions for the sale of government bonds by UAH 43.7 billion ($1.2 billion) since the beginning of Russia’s full-scale invasion.

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