In October, the Ministry of Finance of Ukraine attracted a record amount from the issuance of government bonds – UAH 106.9 billion in equivalent (UAH 83.4 billion and $569 million).
Wartime Bonds accounted for almost UAH 82.8 billion of the total volume of government bonds issued in October.
The funds are used to meet the financial needs of the state under martial law, including expenditures in the security and defense sector.
As of November 1, there were over UAH 1.76 trillion worth of domestic government bonds in circulation. The largest share is held by commercial banks (46.7%) and the National Bank (38.5%). The share of legal entities and individuals is 8.4% and 4.0%, respectively. The share of non-residents is 1.3%, insurance companies – 1.1% and territorial communities – 0.04%.
In October, the weighted average yield on hryvnia-denominated domestic government bonds was 15.6%, while the yield on dollar-denominated bonds was 4.62%.
The refinancing level in January-October in all currencies amounted to 158%. For comparison, in the first 10 months of 2023, this figure reached 145%.
In total, in January-October, the Ministry of Finance of Ukraine raised UAH 497.8 billion equivalent from the placement of domestic government bonds. During the martial law period, the total amount raised was over UAH 1.3 trillion. (Government portal)