February 07, 2018 | Cbonds
Ukraine's Finance Ministry reported it raised UAH 5.2 bln from UAH-denominated bonds placed at its auction held Feb. 6. The ministry accepted bids for four types of bonds, the longest being the one-year bond, while rejecting bids for two- and three-year bonds. About 80% of auction receipts, or UAH 4.2 bln, came from the sale from bonds maturing in three and six months.
Evgeniya Akhtyrko: No major changes in interest rates has occurred since the previous placement on Jan. 30. The bonds maturing in 3M, 6M were placed at 16.50%, the 9M bond at a 16.48% rate, and the one-year bond was placed at a 16.40% rate. Ten auction participants were ready to buy three-year bonds at an interest rate of 16.50%, but MinFin was apparently not interested considering that five-year bonds were placed at a 15.80% rate just one week ago. MinFin also rejected two bids for the one-year bond at which the same interest rate of 16.50% was proposed.
Company: Concorde Capital
|Full company name||Concorde Capital|
|Country of risk||Ukraine|