The Ministry of Finance of Ukraine at auctions for the placement of domestic government loan bonds on Nov. 3 was able to increase sales volumes almost fivefold – up to Hr 1.96 billion due to the increase in the placement rate for four months of bonds from 7.3% to 7.5% per annum, which made it possible to satisfy the only application for these securities for Hr 1.956 billion.
At the same time, at two other auctions, the Ministry of Finance refused to raise rates and rejected 12 out of 16 applications for a total of Hr 468 million (at par) for the purchase of one-year and three-year securities.
Buyers asked from 10.75% to 11.5% for one-year securities and up to 12.5% for three-year securities, while the Ministry of Finance agreed to satisfy only four small bids for the purchase of three-year securities for Hr 2.8 million at the previous rate of 10.95% per annum.
