OREANDA-NEWS. August 4, 2010. The Ukrainian government has issued the first tranche of VAT bonds worth UAH 48.5mn, the Ministry of Finance announced August 3.

Millennium Capital deems this news as positive for VAT bonds. Ukraine has eventually started to issue the long-awaited VAT bonds. The first tranche amounts for a mere 3% of the total bonds to be issued, making it hard for us to say whether the government will be able to issue the entire amount on time, by Aug 7.