Accessing Ukraine's Domestic Government Bonds for Foreign Investors
Foreign investors have the opportunity to purchase domestic government bonds (DGB) in Ukraine. From April 1, 2023, the National Bank of Ukraine allowed foreign investors to repatriate abroad the interest received from DGB, provided that the investor has held these DGB for at least the last 90 consecutive calendar days before receiving the interest. This decision is aimed at stimulating investment and developing the government bond market.
Currently, the NBU is the depository for DGB, meaning it is the institution that maintains centralized accounting of DGB in a non-documentary form. More information about the domestic government bond market can be found on the National Bank of Ukraine’s website.
To purchase DGB, foreign investors need to open a securities account through investment companies or banks, sign a bond purchase agreement, and deposit the corresponding amount into the account. Banks and investment companies buy DGB from the Ministry of Finance at auctions and then set their price and other conditions when selling to clients. DGB can also be purchased through financial companies that have licenses for securities operations