Ukrainian Market for Internal Government Bonds Breaks Records — Over 100 Billion Hryvnias in Private Hands
For the first time in Ukraine’s modern history, the total investments in internal government bonds (OVDP) have surpassed the 100-billion hryvnia mark.
As of Thursday, August 14, the private investors’ portfolio of government bonds reached an unprecedented level of over 100.2 billion hryvnias, setting a new national milestone and reflecting the growing confidence of Ukrainian citizens in government securities.
This notable achievement is the result of a significant increase in individual investments, which added over 34.7 billion hryvnias since the beginning of the year, approximately a 53% rise.
According to the Ministry of Finance, the majority of bonds purchased by Ukrainians are denominated in hryvnias, indicating increased trust in the national currency and the country’s economic stability.
In terms of currency distribution, most bonds are in hryvnias — totaling 55.15 billion hryvnias (55.03%), followed by dollar-denominated bonds — amounting to 40.31 billion hryvnias in equivalent (40.23%), and euro bonds, which stand at 4.74 billion hryvnias in equivalent (4.73%).
The growth in hryvnia-denominated bonds suggests long-term investment confidence and an optimistic outlook among the population for the Ukrainian economy.
Before Russia’s full-scale invasion of Ukraine, the total investment in OVDP by physical persons was only 25.1 billion hryvnias, which is four times less than current figures.
The active interest of Ukrainian investors is associated with potential negotiations for ceasefire and peace agreements, influenced by recent discussions between US President Donald Trump and Russian President Vladimir Putin about a personal meeting.
Meanwhile, dollar and euro bonds continue to perform strongly on developing markets, demonstrating resilience and attracting investor confidence amid geopolitical tensions.