Primary auction results

Обзор облигаций 27.04.2016 Last week's reduction of the CD and NBU key interest rates should not have an impact on the primary bond market. Moreover, yesterday's demand for government bonds exceeded that seen at all previous auctions this year allowed the MoF to decrease interest rates for new borrowings. The MoF, having received eight bids for UAH3.96bn (par value) of the 3-year bond at interest rates ranging from 18.40% to 20.00%, accepted only two bids at the lowest interest rates, selling UAH2.80bn of bonds (par value) at an 18.44% weighted average interest rate, resulting in a YTM of 19.35%.