2023-06-19T15:42:00+03:00 Economy 2024-09-15T05:23:46+03:00

Ukrainian news

Finance Ministry Will Place War Bonds In Hryvnias And Euros On June 20

Finance Ministry Will Place War Bonds In Hryvnias And Euros On June 20

The Ministry of Finance will place war bonds denominated in hryvnias and euros on June 20.

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

The securities denominated in hryvnia will have a maturity of 315, 371, 574 and 973 days.

The ones denominated in euros will have a maturity of 330 days.

On November 8, 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 - 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 five months of 2023, the Ministry of Finance attracted UAH 166.2 billion, USD 1,644 million, and EUR 505 million to the state budget by placing domestic state loan bonds.