2023-03-08T11:39:00+02:00 Politics 2024-09-15T05:46:04+03:00

Ukrainian news

Finance Ministry places war bonds worth UAH 16.1 billion

Finance Ministry places war bonds worth UAH 16.1 billion

On March 7, the Ministry of Finance placed war bonds worth UAH 16.059 billion.

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

The ministry placed securities with a maturity of 1 year - for UAH 62 million at 18.5% per annum, 1.6 years - for UAH 14 million at 19.5% per annum, and 2.7 years - for UAH 15.983 million at 19.65% per annum.

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

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

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, war bond rates remain fixed.

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