The National Bank of Ukraine has expanded the list of benchmark domestic government debt securities that banks may use to partially meet reserve requirements, adding bond ISIN UA4000234553 with effect from 11 March 2025. Banks can use securities on the benchmark list to cover up to 60% of their reserve requirements. The newly eligible bond was first placed by the Ministry of Finance of Ukraine on 25 February 2025. The benchmark list, compiled by the National Bank of Ukraine based on Ministry of Finance proposals, will include 17 issues from 11 March 2025: UA4000227102, UA4000227185, UA4000227193, UA4000227201, UA4000227490, UA4000228043, UA4000228381, UA4000228811, UA4000229116, UA4000232177, UA4000232607, UA4000232615, UA4000232896, UA4000232912, UA4000233613, UA4000234140, and UA4000234553. The National Bank of Ukraine framed the change as supporting banks’ participation in Ministry of Finance auctions and helping finance the state budget without monetary financing. The expansion was approved by National Bank of Ukraine Board Decision No. 68 amending Board Decision No. 752 of 23 November 2017, and is to be enacted on 10 March 2025.
National Bank of Ukraine 2025-03-05
National Bank of Ukraine expands benchmark government bond list for meeting reserve requirements to 17 issues from 11 March 2025
The National Bank of Ukraine has expanded the list of benchmark domestic government debt securities that banks can use to meet up to 60% of their reserve requirements, adding bond ISIN UA4000234553 effective 11 March 2025. This expansion, approved by Board Decision No. 68, aims to support banks' participation in Ministry of Finance auctions and aid in financing the state budget.