Yesterday, the Ministry of Finance raised another UAH12.6bn (US$428m) in different currencies. Overall, the MoF has been able to borrow over UAH32bn (US$1.1bn) in just a month through military bills.
Demand was concentrated in six-month bills, which brought UAH8.7bn (US$296m) of proceeds to the state budget. Two-month bills provided just UAH0.5bn (US$18m). Yesterday, demand for 1.5-year securities decreased, raising only UAH90m (US$3m).
There was good demand for FX-denominated bills—almost US$55m and EUR52m—so the budget received the equivalent of UAH3.2bn in hard currency.
In general, this was the second-best result of recent auctions, as at the end of April, UAH0.4bn (US$14m) more was raised. In May, buyers of military bills have become more active, and the total amount for the month is currently higher than it was in March and April. So, with the auction next Tuesday, May will set the record for the amount of military bills placed.
