The national Bank of Ukraine for the first time since February of 2016 held a 3-month certificates of Deposit amount up to UAH 500 million. All the banks in the tender have submitted 32 applications for 2.3 billion at rates ranging from 12.5% to 18% per annum.
Only was granted four applications for a total amount of 500 million UAH at the average rate of 12,89%.
“Certificates of Deposit for three months will help to develop the yield curve and the pricing of other instruments, and the demand that we saw during the first placement, demonstrated available for the market participants the necessity of such tool. In the future, we hope to see active development of the secondary market, which will be traded three-month certificates of Deposit”, – commented the results of the placement Director of the Department of public markets, the NBU Serhiy Ponomarenko.
Following the tender for the allocation of 3-month certificates of Deposit will be held September 20.