According to the NBU Depository, in the first six months of 2023, the government of Ukraine raised UAH 227,418.1 million, USD 2,191.2 million, and EUR 640.9 million from offering domestic government debt securities through auctions and allocated UAH 141,637.3 million, USD 2,078.1 million, and EUR 529.8 million for redemption of domestic government debt securities.
In January–July 2023, the Ministry of Finance borrowed in the domestic debt market UAH 94,301.7 million more (in equivalent) than it spent to redeem domestic government debt securities, specifically UAH 13,770.9 million more in June (in equivalent). The rollover of investments into domestic government debt securities in the first seven months of 2023 is 132% at par in all currencies at the current official exchange rate.
The maximum yield on war bonds issued in July was 19.75% per annum for hryvnia-denominated bonds and 4.80% per annum for U.S. dollar-denominated bonds. Euro-denominated war bonds were not issued in July.
The domestic debt market was revived thanks to the joint efforts of the government and the National Bank of Ukraine.
In total, since russia launched its full-scale invasion of Ukraine through 31 July 2023, the government raised UAH 379,808.7 million, USD 4,120.2 million, and EUR 1,618.2 million from offering domestic government debt securities through auctions and allocated UAH 354,975.0 million, USD 4,871.4 million, and EUR 1,192.4 million for redemption of domestic government debt securities.
Today, everyone can purchase war bonds and strengthen the financial sustainability of Ukraine.
Find below detailed statistics by NBU Depository on war bonds offered through auctions, as of 1 August 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. As of 1 August, it comprised:
- UAH 25,055.5 million or 32.4% of the total value of purchased hryvnia-denominated war bonds (UAH 26,090.9 million or 36.8% as of 1 June)
- USD 862.0 million or 58.0% of the total value of U.S. dollar-denominated war bonds (USD 822.0 million or 52.6% as of 1 July)
- EUR 80.9 million or 12.9% of the total value of euro-denominated war bonds (EUR 76.5 million or 12.2% as of 1 July).
Overall, since the year started, the portfolio of war bonds owned by individuals and legal entities has increased by 73% to reach UAH 59.8 billion, in equivalent.
As of 1 August, nonresidents held over UAH 13,873.2 million and USD 24.1 million in war bonds, more than 4.9 times the level of seven months ago.
In July, the Ministry of Finance redeemed UAH 10,886.7 million of hryvnia war bonds and USD 314.5 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.
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.