The Ministry of Finance for the second time held an auction for the exchange of bonds of the domestic state loan (OVDP), the so-called switch-auction. About this informs press service of the Ministry of Finance.
According to the results of the bidding, applications were submitted for the amount of more than UAH 13.4 billion, of which UAH 10 billion were satisfied.
“In exchange for reserve OVDP bonds maturing on May 21, 2025, investors are offered the issue of reserve bonds with a maturity date of October 25, 2028, a nominal yield of 15.01% per annum and a coupon payment of UAH 75.05 every six months,” — explained the Ministry of Finance.
The weighted average yield was 15.45%, and the marginal yield was 15.60%. A total of 19 out of 22 applications were approved. 9,758,415 bonds maturing on May 21, 2025 will be credited to the securities account of the Ministry of Finance for further repayment and cancellation.
“Conducting a successful exchange auction allows effective management of public debt, reducing short-term budget burdens, and provides more effective liquidity management”, the ministry said in a statement.
We will remind that the first OVDP exchange auction in Ukraine took place on February 19, 2025 through the Bloomberg electronic trading system. At that time, 8 applications for the amount of UAH 432 million were submitted, and all of them were satisfied.
