The amount of funds raised by the state through domestic government bonds to the budget exceeded one trillion hryvnias, of which Oschadbank purchased bonds worth 154 billion hryvnias

Ukrainians and foreign investors have invested more than a trillion hryvnias in Ukrainian government bonds since the start of the full-scale invasion. This amount is equal to about 200 days of defense funding, or 15% of Ukraine's GDP in 2023. Military bonds have been the second- largest source of state budget financing since March 2022.

Since February 24, 2022, as of May 20, 2024, Oschadbank has purchased domestic government bonds for its own portfolio and on behalf of clients in the total amount of UAH 154.23 billion in equivalent, of which UAH 26.6 billion since the beginning of 2024, UAH 65.29 billion in 2023 and UAH 62.34 billion in 2022.

Investments in domestic government bonds have been and remain one of the most important mechanisms for stabilizing the financial system and preventing a liquidity crisis in times of war. Due to the convenience of purchasing bonds, market yields that exceed inflation expectations, and a 100% guarantee of repayment from the state, domestic government bonds are currently the most attractive instrument on the market.

Ukrainians' interest in investing in domestic government bonds has increased significantly since the start of the full-scale invasion. In particular, the volume of such investments by individuals increased by 2.5 times to UAH 62 billion during this period, and by legal entities doubled to UAH 162.9 billion.

As of March 31, 2024, the refinancing ratio of market domestic government bonds amounted to 138%. At the same time, the refinancing of hryvnia-denominated domestic government bonds amounted to 207%. These figures indicate that Ukraine is attracting more money through hryvnia-denominated domestic government bonds than it has to pay out under its existing obligations to government bond investors.

Oschad is a primary dealer in the Ukrainian government securities market and has the ability to purchase military bonds directly at auctions held by the Ministry of Finance every Tuesday.

Under martial law, the purchase of military bonds through Oschadbank is subject to a simplified procedure in terms of financial monitoring and confirmation of the sources of funds.

Oschad has canceled most of the fees for transactions with military bonds for the period of martial law. Therefore, customers can invest with minimal costs. There are no taxes and fees when redeeming the bonds.

For more information on purchasing military bonds through Oschadbank, please follow the link.