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Finance ministry bond auctions falter, netting only $2 million
Journal Staff Report

KIEV, Jan. 9 – Ukraine’s finance ministry on Tuesday attracted almost no investor interest in its 7.5% five-year U.S. dollar-pegged government domestic loan bonds, selling only $2 million of the $531.6 million issue at an 8.5% yield.

Only one bidder took part in the auction.

Only one out of the five planned auctions actually took place – on the floating of two-year U.S. dollar-pegged government domestic loan bonds: the Finance Ministry satisfied only a small bid of $2 million to buy the bonds at 8.5% per annum, which is the same as the rate at the auction on December 18, 2012, when bonds worth $48 million were placed.




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