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.
Here’s a deeper look at the new target for post-2025 climate finance and what more the international community needs to do to deliver concrete progress. In the early hours of 24 November, countries
Bitcoin is once again on the ascendency, rising more than 20 per cent over the last week to take it close to its all-time high. Reaching above $63,000 on Thursday, the world’s leading cryptocurrency
The Finance Ministry has announced the exemption of value-added tax (VAT) on digital asset trading to push Thailand towards becoming a digital asset hub. Paopoom Rojanasakul, secretary to the finance
The Sultanate of Oman and the Republic of Ireland today signed in Muscat an agreement for the avoidance of double taxation. The agreement pertains to taxes on income and the prevention of tax evasion