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Finance Ministry places UAH 2.7 billion worth of war bonds

 

On March 14, the Ministry of Finance placed war bonds worth UAH 2,725 million.

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

Placed securities with a maturity of 1 year - for UAH 7 million at 18.5% per annum, 1.3 years - for UAH 64 million at 19% per annum, and 2.3 years - for UAH 2.654 million at 19.70% per annum.

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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.

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