With the help of military bonds Ukraine’s state budget raised almost USD 1.5 bln


With the help of military bonds Ukraine’s state budget raised almost USD 1.5 bln

Since the beginning of russia’s full-scale war against Ukraine, more than $ 7.5 bln (UAH 225 mln) has been raised to the state budget from various sources.

The key source of budget financing is military government debt securities or so-called military bonds. It is an instrument of state budget support aimed at meeting the social and defense needs of the country during wartime.

According to the data released by the Ministry of Finance of Ukraine, almost USD 1.5 bln has been raised due to military bond sales. Currently, the military bonds issued with maturities of between 2 months and 1.3 year and interest rates ranging from 1.5% to 11% in hryvnia. The dollar one-year military bonds priced to yield 3.7%, the euro ones with maturities of 8 months – 2.5%.

Almost 7.4 thousand Ukrainians and domestic businesses purchased nearly UAH 5.5 bln, USD 4.7 mln, and EUR 22 mln of military bonds. Investments of non-residents exceed UAH 50 mln. Primary dealer banks hold the largest portfolio of military bonds.

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