01 March 2023, Wednesday, 10:01 173

Finance Ministry places UAH 13.8 billion worth of war bonds

Editor: Roman Vaniyan

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On February 28, the Ministry of Finance placed war bonds worth UAH 13.768 billion.

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

The ministry placed securities with a maturity of 9 months for UAH 536 million at 15% per annum, 1 year - for UAH 984 million at 18.5% per annum, 1.3 years - for UAH 2.494 million at 19% per annum, 2.1 years - for UAH 3,317 million at 19.6% per annum, 2.4 years – for UAH 3,194 million at 19.7% per annum, and 2.7 years – for UAH 3,243 million at 19.75% per annum.

On November 8, 2022, the Ministry of Finance issued war bonds for UAH 43.7 million, which is the smallest amount since the beginning of the war.

Before this, the smallest amount was involved on October 4, 2022 – UAH 44.5 million hryvnias.

As the 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 military bond rates remain fixed.

The Ministry of Finance fulfilled the plan for borrowing to the state budget by 67.3% and attracted UAH 1,261.1 billion in 2022.