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NBU Depository: Government Repayments to Redeem Domestic Debt Instruments Exceed Borrowings through Auctions to Sell Domestic Government Debt Securities by UAH 21.9 Billion

NBU Depository: Government Repayments to Redeem Domestic Debt Instruments Exceed Borrowings through Auctions to Sell Domestic Government Debt Securities by UAH 21.9 Billion

According to the NBU Depository, since russia launched its full-scale invasion of Ukraine, the amount redeemed by the government on domestic debt instruments has exceeded the volumes raised to the state budget through auctions to sell domestic government debt securities by UAH 21,890.7 million.      

Specifically, from 24 February to 18 July 2022, the Ukrainian government spent UAH 90,456.2 million, USD 1,539.4 million, and EUR 168 million to redeem domestic government debt securities. Instead, UAH 85,830.5 million, USD 826.6 million, and EUR 283.4 million were raised to the state budget from placement of new debt instruments in the domestic market.   

While in March the government raised UAH 10,664.8 million more through auctions to sell domestic government debt securities  than it spent for redemption of such instruments, in April, May, and June, the balance of the government’s domestic debt transactions was negative and made UAH (-2,850.5) million, UAH (-411.0) million, and UAH (-20,997.2) million, respectively.  

Last week, the government raised interest rates on U.S. dollar-denominated domestic government debt securities issued through auctions to 3.5%, 4.0%, and 4.5% per annum (maturities of 3 months, 6 months, and 12 months, respectively).

The interest rates on domestic government debt securities denominated in hryvnia and euro have not changed during the validity of the martial law, making

  • 9.5%, 10%, 11%, and 11.5% per annum in hryvnia (maturities of 3 months, 6 months, 12 months, and 14 months, respectively) 
  • 2.5% per annum in euro (maturities of 3 months, 9 months, and 12 months).

Find below detailed statistics by NBU Depository on war bonds. 

As of 18 July 2022, the structure of the war bonds portfolio by holders has hardly changed as compared with the previous week. Primary dealer banks hold the largest portfolio of war bonds.

The second-large portfolio is held by Ukrainians and domestic businesses. It comprises   

  • UAH 11,785.06 million (14.1% of the total value of purchased hryvnia-denominated war bonds)
  • USD 133.4 million (16.0% of the total value of purchased U.S. dollar-denominated war bonds)
  • EUR 136.5 million (nearly 48.6% of the total value of euro-denominated war bonds).

Nonresidents hold over UAH 1,401.8 million in military domestic government debt securities.

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

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

For reference

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

On 22 March 2022, the NBU began to publish weekly statistics of the NBU Depository related to war bond transactions. Follow the links below to review data as of

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Differences between the amounts raised in auctions to sell war bonds and repayments on domestic debt instruments are presented in U.S. dollar equivalent at the NBU’s official exchange rates.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Outstanding Military Domestic Government Debt Securities and the Number of Holders as of 18 July 2022
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