Ukraine to continue to hold auctions of war govt bonds – Finance Ministry

17:23, 02.03.2022 1 min read

Ukraine will continue to hold auctions for the placement of government domestic war bonds, Yuriy Butsa, Commissioner for Public Debt Management, said.

"We were able to get more than UAH 8 billion, but, what is also important, we have a lot of requests from international investors. They are ready to invest in Ukraine. Therefore, we will continue to hold such auctions," he said on Bloomberg TV channel.

He added that Ukraine had never held bond auctions under such extreme conditions and we did not have high expectations regarding the results of government domestic war bond auctions.

Butsa also urged foreign investors to lower their credit rating and treat them as the most toxic assets.

As reported, on March 1, Ukraine held the first auction for the placement of war bonds of an internal state loan, at which it attracted UAH 8.122 billion for a year at 11% per annum.

A total of ten bids were submitted to the auction, all of them were upheld.