Today, on 8 December 2015, the first domestic sovereign bond sale auction has been held at the trading platforms of the Perspektiva Stock Exchange and the FSTS Stock Exchange. VAT bonds UA4000185557 maturing on 22 July 2019 were auctioned. The National Bank of Ukraine sold a total of UAH 52.3 million worth of bonds through the auction.

In the course of the auction, the NBU received competitive bids worth UAH 207.4 million. The highest yield quoted by bidders stood at 23.8%, while the lowest yield was 19.0%. The cut-off yield was set at 19.25% per annum. The lowest yield of successful bids was 19.00% per annum. The weighted average yield of successful bids on VAT bonds was 19.12% per annum.

As a side note, the NBU holds sale and purchase government bond auctions as provided by NBU Board Resolution No. 615, dated 17 September 2015, On Approval of the Regulation On the Use of Standard Banking System Liquidity Regulation Instruments by the National Bank of Ukraine. Such auctions are intended to enable the NBU to ensure a more flexible regulation of the money market and banks’ liquidity.