05 October 2022, Wednesday, 13:33 132

Finance Ministry Places War Bonds For Record Low Amount - UAH 44.5 Million

Редактор: Daria Zubkova

On Tuesday, October 4, the Ministry of Finance placed war bonds for UAH 44.5 million, which is the smallest amount since the beginning of the war.

This is evidenced by the ministry's data, Ukrainian News Agency reports.

In particular, securities with a maturity of 182 days for UAH 16.6 million at 12% per annum, of 357 days for UAH 14.5 million at 14% per annum, and of 525 days for UAH 13.4 million at 16% per annum were placed.

On August 16, the Ministry of Finance issued war bonds for UAH 71.5 million, which was the smallest amount since the beginning of the war.

Before this, the smallest amount was involved on July 5, it amounted to UAH 128 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.

On March 22, 2022, the National Bank started publishing statistics of the NBU depository on war bonds on a weekly basis.

On September 16, the Cabinet of Ministers introduced the possibility to purchase war bonds through the Diia application.

Prime Minister Denys Shmyhal noted that war bonds have become one of the extremely important financing tools for our army. During the full-scale war, Ukrainian businesses and citizens have already purchased war bonds worth more than UAH 100 billion.