Bond Market Insight -- Primary market rates steady
At the scheduled auction, the MoF satisfied nearly all demand, which was rejected last week. Out of the UAH1.30bn of rejected bids last week, yesterday's demand for local currency bonds was only UAH5m lower. Also, there were a larger number of bids, some of which were rejected, similar to FX-denominated bonds, as the issuer rejected one bid at the highest level interest rate.
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