Record sales of government bonds strengthened the hryvnia to UAH 27.10/ /
At yesterday's auction, the Ministry of Finance of Ukraine placed government bonds for a record UAH 19.1 billion for this year (of which UAH 14.161 billion came from the sale of Hryvnia securities), which increased pressure on the dollar exchange rate on the interbank market against the background of active sales of foreign currency by buyers of government bonds.
As a result, the hryvnia strengthened by another 11 kopecks to 27.10/27.12 UAH/., so in order to keep the dollar from falling further, the National Bank was forced to enter the market and buy back about. 120 million of excess currency.
At the auction on June 8, The Ministry of Finance offered the following securities::
- for a period of 6 months – at 8.99% per annum in the amount of UAH 106 million,
- for 1 year – at 11.19% in the amount of UAH 3.402 billion,
- for 1.5 years – at 11.30% in the amount of UAH 1.687 billion,
- for 2 years – at 12.05% in the amount of UAH 4.39 billion,
- for 3 years – at 12.30% in the amount of UAH 2.562 billion,
- for 5 years – at 12.52% in the amount of UAH 2.014 billion,
- as well as dollar-denominated securities up to 14.07.2022 at 3.7% in the amount of.182 million.
For the first time this year,the Ministry of Finance issued long-term 5-year securities, the demand for which almost doubled the supply, since their yield was 12.52% per annum.
Through the placement of government bonds, the Ministry of Finance of Ukraine in May attracted UAH 21.59 billion to the state budget, and since the beginning of the year – UAH 130.89 billion, 9 964 million and 112 million euros.
Recall that in 2020, the Ministry of Finance sold government bonds for UAH 382 billion. at the end of the year, the share of foreigners in Ukrainian debt securities was 8.5%, but since the beginning of this year it has increased by 1.5%.
