Ukrainian business and individuals increased investments in domestic government bonds by UAH 16 billion in July

In July 2024, the Ministry of Finance of Ukraine raised UAH 38 billion from the issuance of domestic government bonds, equivalent to UAH 26.4 billion and USD 285.7 million.

UAH 35.5 billion of the total amount of domestic government bonds placed in July were War Bonds. The funds raised are used to ensure the stable funding of the state's financial needs under martial law.

In July, Ukrainian businesses increased their investments in domestic government bonds by UAH 10.6 billion, while individuals increased their investments by UAH 5.2 billion compared to June. 

As of 1 August, there were over UAH 1.67 trillion worth of domestic government bonds in circulation. The largest share is held by commercial banks (43.4%) and the National Bank (40.7%). The share of legal entities and individuals increased compared to the previous month and amounted to 10.2% (+0.5%) and 3.8% (+0.2%), respectively. The share of non-residents is 1.9%, and the share of territorial communities is 0.04%.

In July, repayments on domestic government bonds totalled UAH 10.2 billion. The level of refinancing in domestic government bonds since the beginning of the year has reached 146%. 

In July, the weighted average yield on hryvnia-denominated domestic government bonds was 15.08%, while the yield on dollar-denominated bonds was 4.66%. Domestic government bonds continue to be the most attractive investment instrument on the market.

In total, in January-July 2024, the Ministry of Finance of Ukraine raised UAH 289.3 billion in equivalent from the issuance of domestic government bonds at auctions. During the martial law period, the equivalent amount was UAH 1.1 trillion.

Details on the purchasing of War Bonds are available here.