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08/14/2019. ICU: Bond Market Insight -- Decline in demand

Yesterday's demand at the primary auction was lower than the offered amount, which did not prevent the rejection of some bids and a decrease in cut-off rates. Offered was UAH500m (US$20m) of six-month and 11-month bills each, and UAH2bn (US$79m) of two-year bills; demand was UAH2.3bn (US$90m). As a result, budget proceeds amounted to UAH1.96bn (US$78m), the main part coming from two-year paper.

further details: ICUDebtInsight-20190814-Eng.pdf (264 Kb)
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