2023-06-14T16:05:00+03:00 Economy 2024-09-15T05:24:39+03:00

Ukrainian news

Finance Ministry Places War Bonds Worth UAH 2.5 Billion

Finance Ministry Places War Bonds Worth UAH 2.5 Billion

On June 13, the Ministry of Finance placed war bonds worth UAH 2.5 billion.

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

The Ministry placed securities with a maturity of 1 year for UAH 1,002 million at 18.40% per annum, 1.6 years for UAH 1,495 million at 19.3% per annum, and 2.7 years for UAH 43 million at 19.75% 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 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%, attracting UAH 1,261.1 billion in 2022.

In the first four months of 2023, the Ministry of Finance attracted UAH 135.9 billion, USD 1,028 million, and EUR 87 million to the state budget by placing domestic state loan bonds.