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The Ministry of Finance of Ukraine reported that from January to November 2024, it managed to raise UAH 523.2 billion in equivalent from the issue of domestic government bonds (OVDPs). In November, the borrowings amounted to UAH 80.8 billion in equivalent, including UAH 72.9 billion in national currency and USD 191 million in foreign currency.
Military bonds and ownership structure
In November, the issue of military bonds amounted to UAH 48.4 billion, which is a significant share of the total.
As of 1 December 2024, there were more than UAH 1.81 trillion worth of domestic government bonds in circulation. The distribution of government bond holdings is as follows:
- 48.2% are commercial banks,
- 37.5% – the National Bank of Ukraine,
- 7.9% are legal entities,
- 4% are individuals,
- 1.3% are non-residents,
- 1.1% – insurance companies,
- 0.04% – territorial communities.
Growth in demand among individuals
Demand for domestic government bonds among Ukrainian citizens continues to grow. In November, the volume of government bonds held by individuals increased by 3.5% to UAH 73 billion.
Total volume of borrowings
In total, during the period of martial law that began in February 2022, the Ministry of Finance raised UAH 1.4 trillion in equivalent from the placement of domestic government bonds.
The Ministry of Finance stressed that domestic government bonds remain an important tool for financing the needs of the state budget, in particular to support defence and ensure the country’s economic stability.
