Primary auction results

Обзор облигаций 28.01.2015 The MoF sold UAH3.07bn of 3-month bonds at yesterday's auction, providing UAH2.95bn of proceeds. So far for January 2015, the MoF has raised UAH9.94bn, which exceeds domestic debt repayments by UAH2.33bn and is UAH2.27bn more than was scheduled for this month. Investment implications: As demand was most likely supported by the NBU, we should see its portfolio increase in a few days.