The government has raised over UAH 1,107 billion from the sale of government loan bonds at auctions during martial law.
This is stated in the message of the NBU, the Ukrainian News agency reports.
According to the NBU depository, during the seven months of 2024, the government of Ukraine raised over UAH 289 billion from the placement of government bonds at auctions, equivalent to: UAH 203,846.6 million, USD 1,456.6 million and EUR 670.8 million.
UAH 113,935.8 million, USD 1,126.6 million and EUR 841.2 million was allocated to the repayment of government domestic debt securities during this period.
During January-July 2024, borrowing by the Ministry of Finance on the domestic debt market by UAH 96,087.2 million in equivalent exceeded payments on bonds of the domestic state loan, in particular in July - by UAH 27,804.1 million in equivalent.
The rollover of investments in government loan bonds (the ratio of the face value of securities sold at auctions and redeemed in accordance with the terms of their issuance) for January - July is 135% in all currencies at the current official exchange rate.
In total, from the beginning of the full-scale war until July 31, 2024, the government raised more than UAH 1,107 billion in primary auctions in equivalent: UAH 758,022.3 million, USD 7,073.9 million and EUR 2,383.9 million.
During this period, UAH 543,307.6 million, USD 7,262.3 million and EUR 2,091.8 million was allocated to the repayment of government loan bonds.
In addition, the National Bank of Ukraine allowed banks to cover up to 50% of the total required reserves at the expense of benchmark government loan bonds from the list determined by the NBU and gradually expanded the corresponding list.
The NBU also allowed non-residents to transfer abroad the funds received from interest payments on government loan bonds after April 1, 2023, provided that they observe the minimum continuous period of ownership of government loan bonds until the moment of receiving interest.
For its part, the government offers rates for government loan bonds at the market level.
In July 2024, the maximum yield of government loan bonds placed at auctions was 16.80% per annum in hryvnias, 4.66% per annum in U.S. dollars, and government loan bonds denominated in euros were not placed in July.
The largest volume of these securities is concentrated in banks - primary dealers.
The second largest in terms of volume is the portfolio of war bonds owned by citizens and businesses of Ukraine.
As of August 1, 2024, it was:
- UAH 65,168.4 million, or 32.4% of the total volume of purchased government war bonds denominated in hryvnia (as of July 1 – UAH 52,967.8 million, or 29.7%);
- USD 1,509.3 million, or 56.2% of the total volume of government war bonds denominated in dollars (as of July 1 – USD 1,402.4 million, or 58.4%);
- EUR 100.6 million, or 21.1% of the total volume of government war bonds denominated in euros (as of July 1 – 103.0 million euros, or 21.7%).
The total portfolio of government war bonds owned by individuals and legal entities as of August 1, 2024 amounted to UAH 131.4 billion equivalent compared to UAH 59.9 billion equivalent as of August 1, 2023 - an increase of more than two times.
As of August 1, 2024, the amount of government war bonds owned by non-residents amounted to UAH 8,819.3 million, USD 24.8 million and EUR 0.1 million.
As the Ukrainian News agency earlier reported, on March 22, 2022, the National Bank began publishing statistics of the NBU Depository regarding government war bonds on a weekly basis.
From the beginning of 2023, the National Bank switched to monthly publication of relevant releases as of the first day of the month.
Who we are: About us, Contacts. How we write news and our principles: Editorial code. We did our best. If you found this valuable – please support us.
To request a correction, please send an email.