18 October 2022, Tuesday, 19:00 156

Payments On Government Bond Repayments Since Beginning Of War Exceed Borrowing By UAH 64 Billion

Редактор: Tetiana Herasimova

During Russia's full-scale war against Ukraine, the amount of funds paid by the government for the repayment of domestic debt instruments by UAH 64 billion exceeds the amount of funds raised in the state budget at auctions for the sale of government domestic loan bonds.

This is evidenced by the data of the NBU depository, Ukrainian News Agency reports.

During the full-scale war, the government raised UAH 100,217.7 million, USD 1,072.5 million and EUR 468.4 million from the placement of government bonds at auctions and sent UAH 164,209.9 million, USD 1,681.2 million and EUR 168.0 million for repayment on domestic debt securities.

From April to August, as well as from the beginning of October, the government's internal debt balance was negative, and according to the results of October 1-16, in particular, it amounted to UAH 16,534.5 million.

In March and September, the volume of funds raised by the government at auctions for the sale of government bonds exceeded the costs of repayment of domestic debt instruments.

During martial law, the Ministry of Finance increased the yield on a number of hryvnia securities (the maximum yield was 16% per annum), as well as on all dollar government bonds (the maximum yield - 4.5% per annum).

Rates on hryvnia war bonds for 3 months, as well as on government bonds denominated in euros, have not yet changed and are 9.5% per annum and 2.5% per annum, respectively.

The largest portfolio of relevant securities as of October 17 is held by banks - primary dealers.

The portfolio of war bonds, concentrated by citizens and business of Ukraine, is the second in terms of volume and is:

- UAH 14,552.8 million, or 16.2% of the total volume of purchased hryvnia war government bonds (as of October 10 - UAH 14,565.8 million or 16.2%);

- USD 205.5 million, or 24.5% of the total volume of purchased war government bonds denominated in U.S. dollars (as of October 10 - USD 201.8 million or 22.9%);

- EUR 147.8 million, or 51.7% of the total volume of purchased war government bonds denominated in euros (as of October 10 - EUR 147.7 million or 51.7%).

The volume of government bonds owned by non-residents increased compared to the previous week and amounts to UAH 1,310.9 million and USD 2 million.

As Ukrainian News Agency earlier reported, the National Bank on March 22, 2022 began publishing statistics of the NBU depository on war bonds on a weekly basis.

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