According to the NBU Depository, in the first eight months of 2023, the government of Ukraine raised UAH 253,868.2 million, USD 2,191.2 million, and EUR 660.9 million from offering domestic government debt securities through auctions and allocated UAH 162,911.0 million, USD 2,078.1 million, and EUR 558.0 million for redemption of domestic government debt securities.
In January–August 2023, the Ministry of Finance borrowed in the domestic debt market UAH 97,941.4 million more (in equivalent) than it spent to redeem domestic government debt securities, specifically UAH 3,639.6 million more in August (in equivalent). The rollover of investments into domestic government debt securities in the first eight months of 2023 is 130% at par in all currencies at the current official exchange rate.
The maximum yield on war bonds issued through auctions in August was 19.50% per annum for hryvnia-denominated bonds and 3.15% per annum for euro-denominated bonds. U.S. dollar-denominated war bonds were not issued in August.
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 August 2023, the government raised UAH 406,258.8 million, USD 4,120.2 million, and EUR 1,638.2 million through primary auctions and allocated UAH 376,248.7 million, USD 4,871.4 million, and EUR 1,250.6 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 September 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 September, it comprised:
- UAH 27,403.4 million or 33.3% of the total value of purchased hryvnia-denominated war bonds (UAH 25,055.5 million or 32.4% as of 1 August)
- USD 984.2 million or 66.2% of the total value of U.S. dollar-denominated war bonds (USD 862.0 million or 58.0% as of 1 August)
- EUR 95.9 million or 16.3% of the total value of euro-denominated war bonds (EUR 80.9 million or 12.9% as of 1 August).
Overall, since the year started, the portfolio of war bonds owned by individuals and legal entities has increased by almost 95% to reach UAH 67.2 billion, in equivalent.
As of 1 September, nonresidents held UAH 14,217.3 million, USD 27.0 million and EUR 0.1 million in war bonds, more than 5.1 times the level at the beginning of the year.
In August, the Ministry of Finance redeemed EUR 58.2 million of 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.