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of Ukraine, told Reuters. He said talks with the IMF continue and that the Rada may need to pass draft laws as conditions for more loans. On foreign purchases of Ukrainian bonds, he said: “There is a new optimism in international markets...We hope that this optimism will not bypass Ukraine.”
Foreign holdings of Ukrainian bonds ticked up 3.8% in the first two auctions of 2021, hitting UAH87.6bn, or $3.1bn. Foreigners now hold 8.75% of the Ukrainian government bond market, according to Central Bank figures. The growth comes after a gradual 27.1% fall during the first 11 months of 2020. By contrast in 2019, foreign investment in the bonds increased 18-fold, ending the year at UAH115.8bn.
8.5.1 Fixed income - bond news
Prime Minister of Ukraine Denys Shmyhal has instructed to prepare the issue of green bonds on January 20. "I ask the Ministry of Energy, together with the Ministry of Finance, the Ministry for Development of Economy, Trade and Agriculture, with the participation of state-owned banks and international financial institutions, to work out the issue of the possibility of issuing green bonds," he said, opening a government meeting on Wednesday. According to the prime minister, in this way it will be possible to pay off debts to companies generating electricity from renewable sources.
Ukrainian PM Denys Shmyhal has directed the finance, energy and economy ministries to raise funds for the repayment of green energy suppliers through the issue of state bonds, which to be called "green bonds", the epravda.com.ua news site reported on January 20. Last year, the government-mandated industry operator, Guaranteed Buyer, bought inefficient clean electricity, resulting in the misallocation of the market. The Guaranteed
59 UKRAINE Country Report February 2021 www.intellinews.com