In August, the Ministry of Finance raised more than 29 billion hryvnias from the issue of bonds of internal loans of the government of Ukraine.
In August, the Ministry of Finance of Ukraine raised UAH 29.1 billion from the issue of government bonds. The press service of the department reported this on Thursday, September 5.
Ukraine’s domestic government loan bonds (OVDP) are one of the largest sources of financing the state budget, second only to financial support from the European Union.
The funds raised are used to meet the financial needs of the state under martial law, including the costs of the security and defense sectors.
War bonds accounted for UAH 6 billion of the total volume of government bonds issued in August.
As of September 2, government bonds worth more than UAH 1.68 trillion were in circulation. The largest shares are held by commercial banks (43.7%) and the NBU (40.3%). The share of legal entities and individuals is 10.3% and 4%, respectively. The share of non-residents is 1.6%, and territorial communities – 0.04%.
The trend towards increasing demand among citizens continues. If at the beginning of August Ukrainians (individuals) owned government bonds worth UAH 63.7 billion, then at the beginning of September this amount increased to UAH 67.5 billion.
The weighted average yield of hryvnia-denominated government bonds in August was 16.15%.
The level of refinancing for January-August 2024 was 146%, while in the first eight months of 2023 this figure reached 133% for all currencies.
In total, in January-August 2024, the Ministry of Finance obtained the equivalent of UAH 318.4 billion from placing government bonds at auctions. During martial law – more than 1.1 trillion UAH.
We remind you that on August 20, the Ministry of Finance obtained UAH 3.695 billion from the state budget in an auction for the placement of government bonds.
Source: korrespondent
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