According to the NBU Depository, in the first 11 months of 2023, the government of Ukraine raised UAH 368,765.0 million, USD 3,385.3 million, and EUR 709.3 million from offering domestic government debt securities through auctions and allocated UAH 216,034.2 million, USD 3,175.3 million, and EUR 588.0 million for redemption of domestic government debt securities.
In January – November 2023, the Ministry of Finance borrowed in the domestic debt market UAH 164,980.9 million more (in equivalent) than it spent to redeem domestic government debt securities, specifically UAH 24,450.3 million more in November (in equivalent). The rollover of investments into domestic government debt securities in the first 11 months of 2023 is 140% at par in all currencies at the current official exchange rate.
The maximum yield on war bonds issued in November was 18.90% per annum for hryvnia-denominated bonds and 4.70% per annum for U.S. dollar-denominated bonds. Euro-denominated war bonds were not issued in November.
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 30 November 2023, the government raised UAH 521,155.6 million, USD 5,314.3 million, and EUR 1,686.7 million through primary auctions and allocated UAH 429,371.9 million, USD 5,968.6 million, and EUR 1,250.6 million for redemption of domestic government debt securities.
Today, everyone can purchase war bonds and strengthen the financial resilience of Ukraine.
Find below detailed statistics by NBU Depository on war bonds offered through auctions, as of 1 December 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 December, it comprised:
- UAH 33,692.8 million or 26.9% of the total value of purchased hryvnia-denominated war bonds (UAH 23,882.9 million or 23.8% as of 1 November)
- USD 1022.0 million or 60.3% of the total value of U.S. dollar-denominated war bonds (USD 808.3 million or 54.1% as of 1 November)
- EUR 101.0 million or 17.1% of the total value of euro-denominated war bonds (EUR 98.6 million or 16.7% as of 1 November).
Overall, the portfolio of war bonds owned by individuals and legal entities made an equivalent of UAH 74.9 billion as of 1 November compared with UAH 34.5 billion as of 1 January 2023.
As of 1 December, nonresidents held UAH 15,496.0 million, USD 23.2 million and EUR 0.1 million in war bonds, more than 5.4 times the level at the beginning of the year.
The Ministry of Finance did not redeem war bonds in November.
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.