Banks’ demand for “reserve” OVDP bonds has allowed the Ministry of Finance to attract UAH 16B to the budget.

According to Ministry of Finance data, UAH 61.74M was received from the sale of annual hryvnia bonds at 18.5% per annum. In addition, the Ministry placed bonds with a 20-month maturity for UAH 14.2M at 19.5% per annum. The vast majority of total funds, UAH 15.98B, came from the sale of three-year benchmark government bonds. The Ministry of Finance satisfied all 42 submitted applications and lowered the rates on these bonds to 19.65% per annum from 19.75% last week. The day before, the NBU included domestic government bonds maturing on November 5, 2025, in the so-called benchmark OVDPs that banks can use as part of their required reserves.