The investments of Ukrainian citizens in government securities reached a record level — over 148.5 billion UAH. Legal entities currently hold an even larger amount, exceeding 220.9 billion UAH. These figures indicate a steadily growing interest in domestic government bonds (OVDP) among both the population and businesses.
This is reported by Finway
Investment Growth Dynamics in Government Bonds
In May 2026, the growth of investments by legal entities in OVDP amounted to 15.8% compared to the same period last year, while the volume of investments by individuals increased by over 56.4%. This reflects a growing trust in government financial instruments and active participation by citizens in supporting the state budget.
“As of today, citizens of Ukraine have invested over 148.5 billion UAH in government securities – this is a historical maximum, while legal entities hold over 220.9 billion UAH,” the statement reads.
In May, the Ministry of Finance conducted 10 auctions for the placement of OVDP, attracting over 12.38 billion UAH to the state budget. The average weighted yield on hryvnia bonds was 15.74% per annum, while for dollar bonds it was 3.05%.
Auctions and OVDP Market Structure
In May, a special exchange auction (switch auction) also took place, where investors were offered to replace bonds maturing on June 10, 2026, with new ones with a maturity of 754 days (maturing in June 2028). The demand for this operation reached 4.15 billion UAH, allowing for a reduction in the debt burden on the current year’s budget by canceling short-term obligations.
As of June 1, 2026, the total volume of government bonds in circulation exceeded 2 trillion UAH. The main holders of the portfolio remain commercial banks (46.26%) and the National Bank of Ukraine (33.09%). The share of legal entities is 11.12%, individuals — 7.47%, insurance companies — 1.23%, non-residents — 0.81%, and territorial communities — 0.03%.
In April, the Ministry of Finance conducted 12 auctions for the placement of OVDP, attracting 17.3 billion UAH to the budget. The average weighted yield at that time was 15.67% in hryvnia, 3.23% in US dollars, and 3.13% in euros.