The volume of sales of hryvnia government bonds at auctions on Tuesday rose to UAH 20.90 billion from UAH 1.08 billion a week ago due to the placement of UAH 20.54 billion of bonds maturing on August 7, 2024, which the National Bank of Ukraine (NBU) allowed to form 50% of required reserves.

According to the Finance Ministry on its website, the placement rate of these securities, first offered a week ago, remained at the level of 19.25% per annum, while the number of applications increased from 1 to 42.

In addition, the Finance Ministry managed to sell six-month bonds for UAH 332.3 million and 22-month bonds for UAH 26.5 million. The rates on them remained at the same level some 14% and 19.5% per annum, respectively, and the number of satisfied applications some 25 and three. The seller rejected only one application for UAH 1.5 million for the purchase of six-month bonds at 14.5% per annum.

At auctions on Tuesday, six-month bonds in dollars and five-month bonds in euros were also offered unscheduled, which allowed the Finance Ministry to raise $40.17 million and EUR 29.37 million, while maintaining rates at 4.25% and 3% per annum, respectively.