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NBU Depository: Since Full-Scale Invasion, Ukraine’s Government Borrows Equivalent of Nearly UAH 429 Billion through Auctions to Sell Domestic Government Debt Securities

NBU Depository: Since Full-Scale Invasion, Ukraine’s Government Borrows Equivalent of Nearly UAH 429 Billion through Auctions to Sell Domestic Government Debt Securities

According to the NBU Depository, from russia’s launch of its full-scale invasion of Ukraine through 30 April 2023, the government raised UAH 288,372.9 million, USD 2,956.8 million, and EUR 1,064.2 million from placement of domestic government debt securities through auctions, and allocated UAH 291,997.9 million, USD 3,812.8 million, and EUR 662.6 million for redemption of domestic government debt securities.

In April 2023, the Ministry of Finance paid out UAH 6248.0 million more (in equivalent) in repayments on domestic government debt securities than it borrowed in the domestic debt market. However, in January–April this year, the Ministry of Finance was a net borrower, with the respective balance being UAH 61,031.3 million.

The maximum yield on war bonds issued in April was 19.60% per annum for hryvnia-denominated bonds and 4.85% per annum for U.S. dollar-denominated bonds. Euro-denominated war bonds were not issued in April.

Today, everyone can purchase war bonds and strengthen the financial defense of Ukraine.

Find below detailed statistics by NBU Depository on war bonds offered through auctions, as of 1 May 2023.

As before, primary dealers – the banks – hold the largest portfolio of war bonds.

The second-largest portfolio of war bonds is held by Ukrainians and domestic businesses. In April, it comprised:  

  • UAH 24,586.1 million or 35.4% of the total value of purchased hryvnia-denominated war bonds (UAH 20,843.8 million or 27.0% as of 3 April)
  • USD 710.1 million or 39.3% of the total value of U.S. dollar-denominated war bonds (USD 690.5 million or 37.7% as of 3 April)
  • EUR 50.0 million or 8.5% of the total value of euro-denominated war bonds (EUR 49.3 million or 8.4% as of 3 April).  

Nonresidents hold over UAH 4,968.22 million and USD 0.5 million in war bonds.      

In April, the Ministry of Finance redeemed UAH 17,969.1 million of hryvnia war bonds and USD 270.7 million of U.S. dollar war bonds. 

Find out more about the military domestic government debt securities here. The table presents data at amortized face value.

For reference

On 22 March 2022, the NBU began to publish weekly statistics of the NBU Depository related to war bond transactions. In the beginning of 2023, the NBU switched to monthly publication of relevant releases as of the first day of the month. Previous data are available by tag war bonds.

 

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