Finance Ministry places war bonds worth UAH 2.5 billion and USD 86 million

On March 21, the Ministry of Finance placed war bonds worth UAH 2.459 million and USD 86 million.

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

The ministry placed the securities denominated in hryvnias with a maturity of 1 year for UAH 39 million at 18.5% per annum, 1.3 years - for UAH 65 million at 19% per annum, 2.3 years - for UAH 2.355 million at 19.70% per annum.

The securities denominated in dollars have a maturity of 6 months and a yield of 4.25% 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 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.