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this year. The new tie up between Ukraine and Clearstream went into effect in May and is likely to suck in a lot more investment into the domestic capital market.
8.5.1 Fixed income - bond news
The International Finance Corporation (IFC), a member of the World Bank Group, has placed its debut issue of bonds denominated in hryvnia’s at 15.75% per annum to support its operations in Ukraine. On May 13, the first issue of bonds in the hryvnia was carried out, IFC Regional Manager for Ukraine, Belarus and Moldova Jason Pellmar said. According to him, this placement confirms interest in hryvnia instruments in the market, especially when the issuer has an "AAA" rating. The IFC representative office told the agency that the debut issue of bonds would be repaid in 2020.
56 UKRAINE Country Report June 2019 www.intellinews.com