Government bonds

OZDP — Ukraine Eurobonds

External government bonds (OZDP) are Ukraine’s Eurobonds denominated in US dollars. You can buy and sell Ukrainian Eurobonds for hryvnias online in the BTC Broker Investor Account.

Open an account Issues and prices

NSSMC license No. 112 of 17 February 2017 for brokerage and dealer activities

Issues

Eurobonds in circulation and Investor Account prices

The list of issues, dates and placement terms are based on data from the Ministry of Finance of Ukraine (in Ukrainian) ↗. Prices come from the Investor Account: “Buy” is the price at which we sell you the bond; “Sell” is the price at which we buy it from you; “—” means there is no offer right now. The coupon and maturity schedule is based on NBU open data; all Eurobond and OVDP payments are in the events calendar. Quotes are for information only and are not an investment recommendation. All quotes are on the quotes page.

Risk warning

Buying OZDP (Ukraine’s external government bonds) is a very high-risk investment that may lead to a partial or total loss of capital, for example due to a default or another restructuring of the state’s external obligations. OZDP prices also depend on the hryvnia–US dollar exchange rate and conditions on international markets. Make investment decisions independently, taking into account your own goals and acceptable risk.

About the instrument

What are OZDP and Ukraine Eurobonds

OZDP are Ukraine’s external government bonds. On the international market they are known as Ukraine Eurobonds or Ukrainian sovereign bonds. They are debt securities that the state places on international capital markets in US dollars; each issue has an international ISIN code starting with XS.

Following the 2024 restructuring, Series A and B Eurobonds maturing in 2029–2036 are in circulation, and since December 2025 also Series C maturing in 2032. They are step-up notes: the coupon rate changes according to a schedule set in the terms of the issue. Coupons on Series A and B are paid twice a year, on 1 February and 1 August.

The price of Ukraine Eurobonds is set by the market and depends on demand, the assessment of the country’s risks and the hryvnia–US dollar exchange rate, so Eurobond yields may change daily. Buy and sell prices for Eurobonds in the Investor Account are BTC Broker’s quotes in hryvnia: they take into account the international market price of the Eurobonds in US dollars and the hryvnia exchange rate, so they may differ from international quotes. Current prices and the yield of each issue are in the list above.

Good to know

How Eurobonds work

  • Issuer: Ukraine

    External government bonds are issued by the state; the placement terms are set by the Ministry of Finance of Ukraine.

  • Face value in US dollars

    The face value of the new Eurobonds is USD 1; through BTC Broker you can buy and sell them for hryvnias.

  • 2024 restructuring

    On 30 August 2024 the old issues were exchanged into eight new ones — Step Up A and B notes maturing in 2029–2036.

  • Recordkeeping

    The bonds are recorded in your securities account at BTC Broker’s depository institution.

Getting started

How to buy Ukraine Eurobonds

  1. 1

    Open an account

    Individuals — online via Diia; legal entities — through a manager, with access to the Investor Account using a QES.

  2. 2

    Top up your account

    In hryvnias — by IBAN transfer to your BTC Broker brokerage account.

  3. 3

    Choose an issue

    Compare price, yield and maturity date in the Investor Account and place a buy order.

  4. 4

    Need a larger volume?

    If there is not enough supply in the Investor Account, contact our trader — they will help you find the volume you need and arrange a negotiated trade.

Issuer documents

Prospectus and LEI code

  • Prospectus

    A document with information on the bond placement: risk factors, terms of the issue and taxation, and a description of the country, its economy, public finances and public debt. Publishing a prospectus is a mandatory condition of a public offering of securities.

    Prospectuses on the Ministry of Finance website ↗

  • LEI code

    A legal entity identifier (ISO 17442) that issuers of securities traded in Europe must have. Ukraine’s LEI is 635400IWLTJXOMEXPY07, valid until 30 April 2027.

    LEI code on the Ministry of Finance website ↗

  • Placement terms

    For each issue, the Ministry of Finance publishes the placement terms (Step Up A, B and C Notes) in English.

    List of Eurobonds and placement terms ↗

Questions

Frequently asked questions about Eurobonds