Ministry of Finance: The portfolio of domestic government bonds owned by Ukrainian citizens increased to a record UAH 173.1 billion

Ukrainians continue to increase their investments in government bonds. As of November 2, 2026, the portfolio of domestic government bonds owned by individuals reached UAH 173.1 billion, setting a new all-time high. Compared to the beginning of October, when this indicator stood at UAH 167.5 billion, citizens' investments grew by UAH 5.6 billion, or approximately 3.3%.

The total volume of domestic government bonds in circulation as of November 2 amounted to UAH 1,984.1 billion. Banks remain the largest holders of government bonds with a portfolio of UAH 903.1 billion. The National Bank of Ukraine held UAH 654.8 billion in domestic government bonds.

The portfolio of legal entities amounted to UAH 208.6 billion, insurance companies — UAH 26.15 billion, and non-residents — UAH 18.2 billion. The volume of domestic government bonds owned by territorial communities amounted to about UAH 0.3 billion.

Citizens' interest in military bonds continues to grow. As of the beginning of November 2026, the portfolio owned by individuals reached UAH 111.7 billion. This is UAH 35.6 billion, or 46.8%, more than in the same period last year.

In October, the Ministry of Finance held 9 auctions for the placement of domestic government bonds over four days. Based on their results, about UAH 14.3 billion was attracted to the state budget. All placements were carried out in the national currency.

High demand persisted for military bonds maturing on September 15, 2027, which were offered during every auction day of the month. The total volume of submitted bids for them amounted to about UAH 22.2 billion at face value, of which UAH 5 billion was satisfied. The weighted-average yield of these bonds gradually decreased from 15.14% at the beginning of October to 15.02% at the last auction of the month.

In addition to primary placements, in October the Ministry of Finance held two auctions for the exchange of domestic government bonds (switch auctions) on October 14 and 21. Investors were offered to exchange bonds maturing on November 4, 2026, for bonds maturing on May 30 and April 18, 2029, respectively.

The total volume of satisfied bids within the two exchange auctions amounted to UAH 12 billion at face value. In particular, on October 14, bonds for UAH 5 billion were placed on the exchange with a weighted average yield of 12.03%, and on October 21, bonds for UAH 7 billion were placed with a yield of 11.96%.

Such operations are an instrument for the active management of the state debt. They allow for reducing the risks of peak payments, shifting part of the debt burden to a longer horizon, and increasing the predictability of the repayment schedule.

For January–October 2026, the total volume of primary placements and exchange operations of domestic government bonds amounted to UAH 405.1 billion. Of this, over UAH 285.3 billion is funds raised through placement auctions of domestic government bonds, and UAH 119.8 billion is the face value of bonds placed at exchange auctions.

The domestic government bond market remains an important instrument for financing state budget needs amid the full-scale war.

Domestic government bonds can be purchased through the Diia application, banks, or brokers. The face value of one bond is UAH 1,000, USD 1,000, or EUR 1,000.