Politics 2024-04-15T05:14:40+03:00
Ukrainian news
Finance Ministry places war bonds worth UAH 12 billion and USD 39 million and raises interest rates

Finance Ministry places war bonds worth UAH 12 billion and USD 39 million and raises interest rates

Finance Ministry, interest, UAH, Raises, USD, war bonds, Million, Billion, places, rates
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On November 1, the Ministry of Finance placed war bonds worth UAH 12 billion and USD 38.8 million.

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

Placed securities with a maturity of 6 months for UAH 11,914 million at 13.5% per annum, with a maturity of 1 year - for UAH 8 million at 14% per annum, with a maturity of 1.2 years - for UAH 3 million at 18.5% per annum, with a maturity of 1.5 years - for UAH 1.3 million at 18.5% per annum and 2 years - for UAH 0.25 million at 18.5% per annum.

Papers in dollars have a maturity of six months and a yield of 4.25% per annum.

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

Before this, the smallest amount was raised on August 16 – UAH 71.5 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.

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.

 



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