2022-07-19T19:00:00+03:00 Economy 2024-09-15T07:01:53+03:00

Ukrainian news

Repayment Payments Exceed Borrowing From OVDPs By UAH 21.9 Billion

Repayment Payments Exceed Borrowing From OVDPs By UAH 21.9 Billion

Payments on repayments of domestic debt instruments since the beginning of a full-scale war by UAH 21.9 billion exceed borrowing at auctions for the sale of government domestic loan bonds (OVDPs).

This is stated in the message of the National Bank, Ukrainian News Agency reports.

Since the beginning of Russia's full-scale invasion of Ukraine, the amount of funds paid by the Government of Ukraine for the repayment of domestic debt instruments by UAH 21,890.7 million exceeds the amount of funds raised in the state budget at auctions for the sale of OVDPs.

So, from February 24 to July 18, 2022, the government sent UAH 90,456.2 million, USD 1,539.4 million and EUR 168.0 million to repay OVDPs.

At the same time, about UAH 85,830.5 million, USD 826.6 million and EUR 283.4 million was attracted from the placement of new debt instruments on the domestic market.

If in March the amount of funds received by the government at auctions for the sale of OVDPs by UAH 10,664.8 million exceeded the amount of repayments under these instruments, then in April, May and June the balance of the government's internal debt operations was negative and amounted to UAH -2 850.5 million, UAH 411.0 million and UAH -20 997.2 million, respectively.

Last week, the government raised rates on dollar OVDPs placed at auctions to 3.5%, 4.0% and 4.5% per annum (maturity - 3 months, 6 months and 1 year, respectively).

At the same time, the rates for government bonds denominated in hryvnia and euro did not change during wartime and are: in hryvnia - 9.5%, 10%, 11% and 11.5% per annum (maturity - 3 months, 6 months, 1 year and 1.5 years, respectively); in euro - 2.5% per annum (maturity - 3 months, 9 months and 1 year).

As of July 18, 2022, the distribution of the portfolio of war bonds purchased at auctions between participants was almost unchanged, compared to the previous week.

The largest portfolio of respective securities is held by banks - primary dealers.

The second largest is a portfolio of war bonds, concentrated by citizens and business of Ukraine.

It amounts to: UAH 11,785.06 million (14.1% of the total volume of war bonds, denominated in hryvnia); USD 133.4 million (16.0% of the total volume of war bonds, denominated in U.S. dollars); EUR 136.5 million (48.6% of the total volume of war bonds denominated in euro). Non-residents own war bonds for more than UAH 1,401.8 million.

As Ukrainian News Agency earlier reported, the National Bank on March 22, 2022 began publishing statistics of the NBU depository on war bonds on a weekly basis.