Ukrainian Finance Ministry to make unscheduled offer of euro-denominated bonds at Dec 9 auction

MOSCOW. Dec 8 (Interfax) - The Ukrainian Finance Ministry has added euro-denominated domestic government bonds maturing on May 6, 2027 to primary auctions due on Tuesday, December 9, Ukrainian media reported.

The updated bond placement schedule shows that other auctions set for Tuesday remain unchanged. These are the traditional auctions offering 1.1-year, 1.7-year, 2.5-year and 2.1-year domestic government bonds in the hryvnia and 1.5-year dollar-denominated domestic government bonds.

On November 18, the Finance Ministry held an unscheduled auction for euro-denominated domestic government bonds. The offer totaled 100 million euros, but bids worth only 6.7 million euros were received. The cutoff rate remained unchanged at 3.25%.

As for dollar-denominated domestic government bonds, the Finance Ministry refrained from placing them last Tuesday. The latest such auction, which took place on November 25 with a $200-million offer, managed to secure $121.2 million. At the same time, the cutoff rate was reduced from 4.05% to 4.02%, and the weighted average rate from 4.01% to 3.98%.

As regards hryvnia-denominated bonds, their placement rates have not changed since April 2025, standing at 16.35% for 13-month bonds, at 17.1% for 19-month bonds, at 17.5% for 28-month bonds, and at 17.8% for 36-month bonds.

According to updated bond placement schedule, this year's final two auctions, set for December 16 and December 23, are not currently offering either forex-denominated government bonds or benchmark government bonds, which banks may use to partially form their reserves.