The Ministry of Finance successfully placed domestic government bonds for UAH 7.3 billion and reduced the interest rate

The Ministry of Finance of Ukraine has successfully held an auction for the placement of domestic government bonds (OVDPs), raising over UAH 7.3 billion. This step was accompanied by a reduction in rates for one of the positions. This was reported by the press service of the Ministry of Finance of Ukraine on its Telegram channel.

As part of the auction, domestic government bonds with a maturity of 1.2 years and a rate of 17.8% were placed for the amount of UAH 177 million.

Also, one-and-a-half-year domestic government bonds at 18.35% were successfully placed, bringing UAH 1.8 billion to the budget.

Three-year bonds at 19.18% were placed for the amount of UAH 5.3 billion, while the rate was reduced from 19.21%.

Raising funds by placing bonds is an important financing tool for the state budget. Through such auctions, Ukraine can secure the necessary resources to implement social and infrastructure projects, as well as to cover budget deficits. An important aspect is the reduction of the interest rate on one of the positions, which can have a positive impact on debt service costs and budget balance.