Finance Ministry lowers rates on hryvnia-denominated govt bonds for first time since April last year
At the auctions on January 20, 2026, for the first time since April of last year, the Ministry of Finance slightly reduced rates on hryvnia-denominated domestic government loan bonds maturing in 1.5 and 3 years due to a significant excess of demand over supply and a willingness to forego the placement of some of the bonds.
As the Ministry of Finance reported on its website, the cutoff rate for 1.5-year government bonds was 17.05% per annum against 17.10% previously, for 3-year bonds - 17.49% against 17.7%, and for the weighted average, respectively, 17.04% against 17.1% and 17.48% against 17.59%.
With an offer of UAH 5 billion (here and below at par) for each issue, demand for 1.5-year securities amounted to UAH 10.94 billion, for 3-year securities - UAH 13.09 billion, while the Ministry of Finance agreed to sell bonds for UAH 3 billion and UAH 2 billion, respectively.
As for the shortest-term annual bonds, their rate remained at 16.35%, and all bids for UAH 2.06 billion were satisfied.
Overall, in order to lower rates, the Ministry of Finance reduced the volume of placements at these auctions to UAH 7.45 billion from UAH 13 billion a week ago.