Ukraine issues record $1.85 billion of government bonds to fund state budget


Pedestrians pass by a sign advertising currency exchange rates in downtown Kyiv on Dec. 2, 2020. Despite the economic crisis in Ukraine due to the coronavirus pandemic, the banking system remains stable. Experts do not forecast massive bankruptcies in the sector and a sharp devaluation of the national currency.

Ukraine sold $1.85 billion in government bonds at auction on Dec. 15, according to the Ukrainian Finance Ministry. It is the largest number of bonds ever issued by the Ukrainian government.

The investments attracted at the auction will secure the government’s spending on the budget, which Ukraine’s parliament approved on Dec. 15, the Ministry of Finance said.

Source: www.kyivpost.com

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