This is stated in the NBU material.
According to the National Bank's Depository, during 2024, the Government of Ukraine raised UAH 497,806.9 million, $2,728.1 million, and €754.9 million from the placement of government bonds at auctions. For the redemption of domestic government securities during this period, UAH 245,437.9 million, $2,476.6 million, and €918.3 million were allocated.
Throughout 2024, the Ministry of Finance's borrowings in the domestic debt market exceeded payments on domestic government bonds by UAH 255,626.8 million in equivalent, particularly in December — by UAH 35,783.8 million in equivalent. The rollover of investments in government bonds at the end of 2024 stands at 155% of the nominal value across all currencies at the current official exchange rate.
Since the beginning of the full-scale war until December 31, 2024, the government has attracted UAH 1,051,982.6 million, $8,345.4 million, and €2,468.0 million at primary auctions, while UAH 674,809.8 million, $8,612.3 million, and €2,168.9 million have been allocated for the redemption of government bonds.
The activation of the domestic debt market was achieved through the joint efforts of the government and the National Bank of Ukraine.
In particular, the NBU provided banks with the opportunity to cover part of the mandatory reserves with benchmark government bonds from a specific list defined by the NBU and gradually expanded the relevant list. Additionally, the NBU allowed non-residents to transfer funds received from interest payments on government bonds abroad after April 1, 2023, provided they comply with the minimum continuous holding period of government bonds until the moment of receiving interest.