KIEV, April 17 – It is unlikely that the first issue of treasury bonds worth UAH 500 million planned by the Ukrainian government will be in great demand with the public, and it will not therefore be able to soak up excessive liquidity, according to experts of Ukrainian investment companies polled by Interfax-Ukraine.

The key reason for this is the unattractive interest rate on the bonds, the experts said.

"It's obvious that the [bonds] won't be in great demand if they are placed at their face value. At present, state domestic loan bonds are listed with 30-40% interest, and it's unclear what the advantage of [these bonds] is compared to existing securities," said an analyst from the Kiev-based Sokrat Group, Mykhailo Salnikov.