Daily Insight -- Bond interest rates increase
Yesterday, the MoF borrowed nearly UAH4.11bn as it sold four bond issues, of which two were denominated in local currency, one in euros, and one in US dollars. The interest rate for the 3-month bond rise to 16.00%, just 20bp lower than in 3Q16, allowing the MoF to borrow UAH0.29bn, while the 11-month bond interest rate increased 60bp from the last auction rate in October to 15.30%. In local currency bonds, the MoF borrowed UAH0.49bn yesterday.
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