Financial sector news

Ukraine raised over UAH 1.2 trillion from the sale of government bonds during the war

 The Government of Ukraine continues to successfully raise funds on the domestic market to finance critical needs of the state in conditions of full-scale war. According to the National Bank of Ukraine, since the beginning of the Russian invasion, the total amount of funds raised from the sale of domestic state loan bonds (OVDP) at auctions has exceeded UAH 1.2 trillion equivalent.

Activation of the domestic debt market became possible thanks to the joint efforts of the government and the National Bank. In particular, the NBU has expanded the opportunities for banks and non-residents to invest in OVDP, and the government offers attractive rates.

Key points:

  • Significant amounts of borrowing: In 9 months of 2024, the government raised more than UAH 391 billion equivalent from the sale of OVDP bonds.
  • Market development: The rollover of investments in OVDP for January-September is 148%, which indicates the high interest of investors.
  • Military bonds: The portfolio of military government bonds owned by Ukrainian citizens and businesses is growing, demonstrating public support.
  • Financial stability: An active domestic debt market contributes to macro-financial stability and prevents emission financing of the budget deficit.

STATISTICS:
General engagements:

  • Since the beginning of the full-scale war: Almost 1,209 billion UAH equivalent.
  • For 9 months of 2024: More than UAH 391 billion equivalent.

Distribution by currencies:

  • Hryvnias: UAH 834,692.3 million (since the beginning of the war) and UAH 280,516.6 million (for 9 months of 2024).
  • US dollars: 7,584.4 million dollars. USA (since the beginning of the war) and 1,967.1 million dollars. USA (for 9 months of 2024).
  • Euro: 2,468.0 million euros (since the beginning of the war) and 754.9 million euros (for 9 months of 2024).

Other important numbers:

  • Rollover of investments in OVDP: 148% for January-September.
  • The maximum yield of OVDP in September 2024:
    • Hryvnias: 16.90% per annum.
    • USD: 4.66% per annum.
    • Euro: 3.25% per annum.
  • Portfolio of military bonds owned by citizens and businesses of Ukraine:
    • Has grown more than 2.4 times since October 1, 2023.

Subscribe to our newsletter

aub logo white 70

 

The mission of the Association of Ukrainian Banks is to support the development of the national banking system. The AUB cooperates with the Verkhovna Rada of Ukraine on improving the legislation governing banking activities, and interacts with the National Bank of Ukraine on regulatory support for the functioning of banks and non-bank financial institutions. The CBA takes care of the professional development of bank employees, expands international relations with associations and banking institutions of other countries.

 

Contacts

    Address:
str. Yevhena Sverstyuka,
15 Kyiv 02002 Ukraine


   Email :
secret@aub.org.ua


    Phones:
+380 (44) 516-8775

Subscribe to our newsletter