Government Bonds Of The Ministry Of Finance Were Knocked Down For UAH 600 Million
Yesterday, on December 27 the Ministry of Finance of Ukraine sold the two-year government bonds for UAH 600.8 million (USD 75,5 million) at an extraordinary auction. Bond profitableness for 723 days was 10.1%. Until yesterday, the Ministry of Finance have not sold a two-year paper for the last few months.
Primary extraordinary auction of government bonds have taken place on 24 December, when the Ministry of Finance sold the 537-day paper for UAH 601 million. Since the beginning of 2010 the Ministry of Finance sold domestic government loan bonds for an overall amount of about UAH 40.4 billion.
We remind that on December 16, the Ministry of Finance at the primary auctions on placing the domestic government loan bonds sold half-year securities for UAH 400,108 million. Rate of return on domestic government loan bonds with redemption on June 13, 2012 was set at 10% per annum: the Ministry of Finance granted only one of two submitted applications for the purchase of securities. Total ammount of applications for the purchase of domestic government loan bonds was UAH 425 million. The maximum rate of return was 12.5% per annum. Domestic government loan bonds were sold a month earlier with the same maturity: the rate of return was 10.55% than.
Heretofore, the Ministry of Finance could not sell any bonds at primary auctions over four consecutive weeks, not wanting to raise the rates of return, as it was requested by customers.
On materials Correspondent.