"Military" bonds sold

"Military" bonds sold



3 квітня 2015 года
ICU

After having cancelled auctions of regular bonds since mid-March, the MoF scheduled only one primary auction to offer only the "military" bond which finances military expenses. Having sold a total of just under UAH100.0m through several offerings over the past year, the MoF re-opened this issue which currently has less than a 1.5-year maturity.

This offering received only one bid amounted to UAH162,000 (par value) at a 7.0% fixed coupon rate, providing the state budget with UAH164,002 of proceeds.

As these bonds were unable to attract significant demand since last August, the MoF probably had a specific purpose to re-open this offering. While the MoF must continue holding primary market auctions, market rates needed to attract true demand for regular bonds would be prohibitive under current conditions.

Источник: ICU

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