The Ministry of Finance and the National Bank held an auction for the exchange of government bonds on the Bloomberg platform for the first time
The Ministry of Finance together with the National Bank of Ukraine for the first time held a switch auction of government bonds on the domestic market, using a new function of the Bloomberg auction platform. About this informs press service of the Ministry of Finance.
“The government bond exchange auction was the first to implement a new feature of this platform. It allows market participants to bid for new bonds in exchange for bonds with a shorter maturity or less liquid securities in one transaction, instead of two separate transactions,” – the message says.
The Ministry of Finance notes that this function significantly increases operational efficiency for counterparties and simplifies the settlement process.
“We are pleased to continue cooperation with the Ministry of Finance of Ukraine and assist them in the effective management of OVDP auctions. The improved switch-auction function in Bloomberg provides an optimal, flexible and scalable solution for issuers in the primary market who would otherwise have to conduct this process manually or develop their own solution.”,” said Kathryn Furber, Global Head of Markets Trading Products at Bloomberg.
We will remind that the demand for the seventh in 2025 primary auctions for the placement of domestic state loan bonds (OVDP) on February 20 fell to 245.6 million hryvnias. This is the lowest figure in the last few years and 6.7 times less than in previous auctions.
