2023-05-09T22:18:00+03:00 Economy 2024-09-15T05:32:36+03:00

Ukrainian news

Finance Ministry Places Record Volume Of War Bonds Worth UAH 9.9 Billion, EUR 297 Million And USD 179 Million

Finance Ministry Places Record Volume Of War Bonds Worth UAH 9.9 Billion, EUR 297 Million And USD 179 Million

On May 9, the Ministry of Finance placed a record volume of war bonds of UAH 9.9 billion, EUR 297 million and USD 179 million.

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

The Ministry placed securities with a circulation period of 1 year for UAH 1,965 million at 18.5% per annum and 2 years for UAH 7,976 million at 19.69% per annum.

Securities in U.S. dollars were placed with a circulation period of 6 months at USD 179 million at 4.75% per annum, in euros - 9 months with a yield of 3.15% per annum.

On November 8, 2022, 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, 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.