Since the beginning of 2025, the Ministry of Finance of Ukraine has raised almost UAH 394 billion from the sale and exchange of domestic government bonds (OVDP) at auctions. In total, since the introduction of martial law, the state has managed to mobilize about UAH 1.85 trillion, according to the Depository of the National Bank of Ukraine.

During the period from January to September 2025, the Ministry of Finance placed domestic government bonds at auctions in the amount of UAH 302.9 billion, USD 1.46 billion, and EUR 643.4 million. At the same time, UAH 240.6 million, USD 1.98 billion, and EUR 752.5 million were directed to the repayment of domestic government debt securities.

In September, the maximum yield on government bonds was:

in hryvnia - 17.80% per annum;
in US dollars - 4.15% per annum;
in euros - 3.25% per annum.

As before, the largest volume of these securities is concentrated in banks that act as primary dealers in the market. The second place in terms of volume is occupied by the portfolio of military bonds owned by citizens and businesses of Ukraine.

As of October 1, 2025, the portfolio of military bonds owned by individuals and legal entities amounted to UAH 169.8 billion in equivalent, which exceeds the figure of the previous year (UAH 141.1 billion as of October 1, 2024). This indicates an increase in investor interest in supporting the country's defense financing.

Experts note that the active demand for government bonds and military bonds confirms the stability of the domestic public debt market and the willingness of Ukrainian investors to support the financial stability of the state under martial law. This trend also contributes to ensuring budget liquidity and the stable functioning of the country's economy.