03 April 2024, Wednesday, 13:57 274

Finance Ministry places war bonds for UAH 6.8 billion

Editor: Tetiana Herasimova

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On April 2, the Ministry of Finance placed UAH 6.8 billion worth of war bonds.

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 4,274 million at 16.23% per annum, two years - for UAH 260 million at 17.09% per annum, and 3.2 years - for UAH 2,218 million at 18.29% 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.

As the Ukrainian News agency earlier reported, the Ministry of Finance previously announced that war bonds are primarily a tool to support 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.

Actual state borrowings to the general fund of the state budget for 2023 amounted to UAH 1.68 trillion, or 73.7% of the planned for this period.