Minister of Finance Sergii Marchenko and Government Commissioner for Public Debt Management Yuriy Butsa participated in online conference Ukrainian Fixed Income Conference

On September 11 virtual Ukrainian Fixed Income Conference 2020 with the participation of international analysts and investors in Ukrainian government securities was held. The organizer of the online conference is ICU.

Speakers at the conference showed confidence in the future of Ukrainian capital markets as the sector has shown constructive growth despite a difficult year caused by the Covid-19 pandemic. Positive policy changes from the National Bank of Ukraine and activity from the Ministry of Finance gives cause for investor confidence in Ukrainian capital markets. This coupled with domestic banks taking a leading role in the purchasing of local bonds indicates a further strengthening of the asset class. Speakers were also assured by how Ukraine was able to bounce back its economy better than initially anticipated.

Yuriy Butsa, Government Commissioner for Public Debt Management, commented: “Low inflation in Ukraine together with relatively high real rates helps to maintain interest to our local currency market. Today we have a renewed interest to longer papers. This week for the first time in a couple of months we had more than USD 200 million demand for a 3-year paper with a yield of 10.46%. We aim to continue offering to the market the instruments in this part of the curve, as we believe it’s a sweet spot where both local and international players can participate and have sufficient liquidity on the secondary market.”

Деталі конференції на сайті організатора ICU