The Ministry of Finance of Ukraine held another auction for the placement of domestic government bonds (OVDP), which resulted in an increase of UAH 3.4 billion to the state budget.
This is reported by Finway
Bond Structure and Yield
According to official information, during the auction, OVDP with various maturities and yield levels were offered. Specifically, bonds with a maturity of 1.2 years and an annual rate of 15.15% generated over UAH 1.3 billion. At the same time, OVDP with a maturity of 2 years and a yield of 15.87% per annum attracted over UAH 2.1 billion to the state budget.
“UAH 3.4 billion was raised for the state budget during the auction for the placement of domestic government bonds (OVDP).”
The Role of OVDP in Budget Funding During the War
Since the beginning of the full-scale invasion by the Russian Federation, Ukraine has been actively using the mechanism of OVDP placement to finance budget needs. The total amount of funds raised through the placement of domestic government bonds has already exceeded UAH 2.1 trillion, indicating the importance of this instrument for the stability of the country’s financial system.