GRENDARIA CAPITAL
Buyback of Ukrainian Government Bonds (OVDP)
We acquire UAH-denominated Ukrainian Government Bonds through confidential bilateral OTC transactions with institutional counterparties.
Our Benefits
Why Work With Us
For institutional holders of Ukrainian Government Bonds, exiting a position is often not only a pricing decision, but also a matter of liquidity, timing, risk exposure and execution certainty. Grendaria Capital offers a direct, confidential, and commercially flexible route for counterparties seeking to manage these considerations efficiently.
Efficient Exit Solution
Our Estonian corporate structure ensures transparent KYC and AML onboarding fully aligned with current European financial regulatory standards.
Portfolio Risk Management
A sale to Grendaria Capital helps investors reduce exposure to currency, liquidity, and geopolitical risks, bringing portfolio allocations closer to internal risk limits.
Flexible Transactions Size
We assess each opportunity individually and consider larger portfolio blocks, repeat transactions, and settlement arrangements tailored to the seller’s needs.
About the Project
Grendaria Capital is the dedicated investment desk of Grendaria International OÜ, an Estonian international trade and investment group with more than two decades of corporate experience operating across European and international markets. Building on the Group's long-standing commercial relationships and cross-border expertise, Grendaria Capital focuses on originating and executing capital market transactions for institutional counterparties.
Our primary focus is the acquisition of Ukrainian domestic government bonds (OVDP) through privately negotiated bilateral OTC transactions. We work with investment funds, banks, asset managers, family offices and other professional investors seeking an efficient, confidential and commercially flexible liquidity solution for their bond portfolios.
Rather than acting as a public marketplace, Grendaria Capital operates on a relationship-driven basis, providing counterparties with direct access to institutional execution, tailored commercial terms and a streamlined transaction process. Every opportunity is assessed individually, allowing us to structure transactions that reflect the characteristics of the underlying securities, market conditions and the specific objectives of each seller.
We are committed to professional execution, transparent communication and international compliance standards. Our team is prepared to complete KYC and AML procedures efficiently, enabling timely transaction execution while maintaining the highest standards of confidentiality and corporate governance.
How it Works
Our Execution Process
01
02
03
04
Initial Contact
Indicative Terms
Due Diligence & Settlement
Transaction Completion
Share the basic characteristics of the position you are considering for sale.
We review the portfolio and provide indicative pricing together with preliminary commercial terms.
The parties complete the required compliance procedures and agree on settlement mechanics.
Execution of the bilateral OTC transaction and successful closing.
Who We Work With
Transaction Parameters
Grendaria Capital is actively seeking opportunities to acquire UAH-denominated Ukrainian Government Bonds (OVDP) through privately negotiated bilateral OTC transactions.
We welcome discussions with institutional investors, investment funds, banks, family offices, and other professional counterparties considering a partial or complete exit from their OVDP positions.
Transaction Size
Our standard transaction size starts from the equivalent of USD 1,000,000, while our institutional capacity allows us to execute substantially larger portfolio acquisitions. We also welcome repeat transactions and long-term strategic cooperation.
Eligible Securities
We consider all UAH-denominated OVDP issues, irrespective of maturity date or remaining tenor. Each opportunity is evaluated individually based on the characteristics of the underlying securities and current market conditions.
Pricing & Settlement
Commercial terms are negotiated individually based on the specific bond issue, portfolio composition, market liquidity, transaction size, and preferred execution timeline, with settlement available in USD/EUR upon completion of KYC/AML and agreement on the documentation.
Let's Get in Touch
Contact Us
If you represent an investment fund, financial institution or other holder of Ukrainian government bonds and wish to discuss a potential transaction, we would be pleased to hear from you.