According to the calculations of the National Bank, in 2023 the total amount of payments it will receive from the Ministry of Finance for OVDP in its portfolio will amount to 120.75 billion hryvnias.
About this it is said in the EP article.
Thus, the NBU will receive the most from the bonds it bought from the government in 2022 – UAH 81.15 billion. The remaining UAH 39.6 billion will be payments for bonds issued in previous years.
Last year, the NBU bought OVDP bonds from the Ministry of Finance for a total of UAH 400 billion. The bonds will be in circulation for up to 30 years. The interest rate for most of these OVDPs is floating and depends on the NBU discount rate. At the same time, the interest rate on bonds worth UAH 120 billion is fixed at 11% per annum.
The rest of the OVDP in the portfolio of the National Bank refer to previous years of issue. The largest share is the result of reprofiling of OVDP, which took place in 2017. Then the government exchanged National Bank bonds for OVDP bonds of a new issue in order to evenly distribute the maturity of these bonds. The total nominal value of these OVDPs in the NBU’s portfolio is UAH 223.46 billion, of which UAH 78.29 billion of bonds have a fixed rate, and for the rest it depends on the level of inflation.
According to the calculations of the National Bank, in 2024 the government will pay it UAH 94.52 billion in interest for OVDP (of which UAH 62 billion are payments for OVDP issued in 2022), and in 2025 – UAH 81.34 billion (of which 53.9 billion UAH for OVDP of 2022).
The total value of government bonds, which are in the NBU’s portfolio, is UAH 690.7 billion. Their repayment is spread over time until 2052.
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