Finance Ministry attracts $520 mln at auction

According to Fursa, seven bids were satisfied on annual dollar bonds with the yield within 8.9%-9.3%

KYIV, May 30, 2012 (UBO) – The Finance Ministry of Ukraine attracted USD 520 million at yesterday’s auction, Dragon Capital Company said, UkrInform reported.

"Placement of stocks with redemption on May 29, 2013, May 21, 2014 and May 27, 2015 appeared to be effective," Serhiy Fursa, specialist of the Dragon Capital department for the sale of debt stocks said.

According to Fursa, seven bids were satisfied on annual dollar bonds with the yield within 8.9%-9.3%. USD 235 million was attracted on them.

Placement of two-year and three-year bonds brought USD 150 million each. Two bids were satisfied on two-year dollar bonds with the yield of 9.3%. On three-year bonds, one bid was satisfied with the yield of 9.45%. All those wishing could buy the stocks. Placement of indexed bonds appeared to be effective too. The only bid to the amount of UAH 50 million was satisfied. The yield of placement made up 9.3%.

The hryvnia issues failed to find a buyer as predicted, there is no demand for them, as usual. Only one bid was submitted on annual bonds on non-competitive terms.