An auction this week drew significant investor demand for domestic government bonds, offering steep yields that reflect ongoing fiscal pressure and market uncertainty.
On July 28, 2026, the Ministry of Finance of Ukraine held an auction for the placement of government domestic loan bonds, during which 9.44 billion hryvnias were raised for the state budget.
According to the Ministry of Finance’s press service, the post on the department’s official page confirms these figures.
9.44 billion hryvnias were raised to the state budget during today’s auction for the placement of government domestic loan bonds (OVDP)
– Ministry of Finance’s press service
Proceeds are formed from issues of hryvnia-denominated bonds of varying maturities:
- 1 year: rate of 15.13% per year, raised 2.006 billion hryvnias;
- 2 years: yield of 15.46% per year, raised 2.089 billion hryvnias;
- 3.6 years: yield of 16.44% per year, raised 5.346 billion hryvnias.
Since the beginning of 2026, the state has raised 275.72 billion hryvnias from the placement of OVDP, and since the start of the full-scale war – over 2.28 trillion hryvnias.
Context and Other Factors
Also on July 22, 2026, the Ministry of Finance conducted another switch auction to exchange bonds; at face value, orders totaling 15 billion hryvnias were satisfied.
Overall, such OVDP auctions confirm the role of the budget-financing instrument in conditions of economic instability and prolonged conflict.