2022-12-07T11:16:00+02:00 Economy 2024-09-15T06:09:41+03:00

Ukrainian news

Finance Ministry Places War Bonds For UAH 1 Billion And EUR 55 Million

Finance Ministry Places War Bonds For UAH 1 Billion And EUR 55 Million

The Ministry of Finance has placed war bonds for UAH 1 billion and EUR 5 million.

This follows from a statement by the Ministry of Finance, Ukrainian News Agency reports.

Securities with a circulation period of 6 months for UAH 63 million at 14% per annum and a circulation period of 2 years for UAH 911 million at 19.5% per annum were placed.

Euro securities have a circulation period of 6 months and a yield of 3% per annum.

On November 8, the Ministry of Finance placed war bonds for UAH 43.7 million, which is the smallest amount since the beginning of the war.

Before that, the smallest amount was raised on October 4 - UAH 44.5 million.

As Ukrainian News Agency earlier reported, the Ministry of Finance previously announced that war bonds are primarily a tool for supporting the state budget during a full-scale invasion of the Russian Federation, and not a tool for maximizing income from investment activities, therefore war bond rates remain fixed.

On September 16, the Cabinet of Ministers introduced the possibility to purchase war bonds through the Diia application.

Prime Minister Denys Shmyhal noted that war bonds have become one of the extremely important financing tools for our army. During the full-scale war, Ukrainian businesses and citizens have already purchased war bonds worth more than UAH 100 billion.