Ukraine raises 4.2 billion hryvnia in weekly bond auction

The Ukrainian government successfully raised UAH 4.2 billion through a weekly auction of domestic government loan bonds (OVDPs) on March 4, 2026, according to the Ministry of Finance. The auction included 1.2-year bonds with a yield of 15.19% (weighted average 15.13%) and 3-year bonds with a yield of 16.2% (weighted average 16.16%), generating over UAH 2.1 billion in proceeds for each term. Additionally, the government issued 1.5-year U.S. dollar-denominated bonds with a yield of 3.47% (weighted average 3.43%), attracting USD 50.5 million to the state budget.

Since the beginning of 2026, the government has raised UAH 109.4 billion through such auctions, while total proceeds since the full-scale invasion in February 2022 exceed UAH 2.158 trillion. The National Bank of Ukraine (NBU) reported that legal entities hold UAH 1.2 trillion in domestic government debt as of March 1, 2026, with individuals and non-residents holding UAH 123 billion and UAH 16.2 billion, respectively according to the National Bank. The government has also redeemed UAH 14.9 billion in hryvnia-denominated bonds and USD 450 million in dollar bonds in February 2026.

Proceeds from the bond sales are allocated to support Ukraine's Armed Forces and stabilize public finances amid ongoing conflict. Auctions for domestic government bonds are held weekly, with a minimum face value of UAH 1,000 per bond. The government's strategy of offering market-based interest rates has maintained investor participation, with primary dealers holding the largest share of war bonds.