In July 2024, Ukraine’s Ministry of Finance raised UAH 38 billion through government bond issuance, comprising UAH 26.4 billion and USD 285.7 million.
Of the total, UAH 35.5 billion were military bonds. The funds are used to meet the state’s financial needs during the wartime situation.
During July, Ukrainian businesses increased their investments in government bonds by UAH 10.6 billion, while individual citizens invested an additional UAH 5.2 billion compared to June. As of August 1, over UAH 1.67 trillion in government bonds are in circulation. The largest shares are held by commercial banks (43.4%) and the National Bank of Ukraine (40.7%). The share of legal entities and individuals has increased compared to the previous month, accounting for 10.2% (+0.5%) and 3.8% (+0.2%), respectively. Non-residents hold 1.9%, while local communities have 0.04%.
Repayments of government bonds amounted to UAH 10.2 billion in July. The refinancing level for government bonds since the beginning of the year stands at 146%, meaning the Ministry of Finance attracts almost twice as much as it repays.
The average yield on UAH-denominated government bonds in July was 15.08%, while for USD-denominated bonds it was 4.66%. Government bonds continue to be the most attractive investment instrument in the market.
Overall, from January to July 2024, the Ministry of Finance raised UAH 289.3 billion through bond auctions. During the wartime period, the total amount raised is UAH 1.1 trillion.
In a world where the economy’s color is increasingly turning green, a recent seminar in Luxembourg has brought to light a burgeoning partnership that could redefine the global financial landscape.
Launched today at the 15th Meeting of the Africa Initiative in Lomé, Togo, Tax Transparency in Africa 2024: Africa Initiative Progress Report shows African countries collected more fiscal revenue through
On Wednesday, last week, the Chairman of the Economic and Financial Crimes Commission, Ola Olukoyede, disclosed that it had uncovered a religious sect in Nigeria involved in money laundering for terrorists.
1st October 2024: Preliminary hearings of certain VAT, excise and customs cases redirected to General Court The EU Parliament and Council of the EU have agreed to that VAT cases may initially be heard