On October 28, 2022, Prime Minister Justin Trudeau and Deputy Prime Minister Chrystia Freeland announced the issuance of five-year bonds worth 500 million Canadian dollars for Ukraine.
The so-called Ukraine Sovereignty Bonds are aimed at supporting the financing of assistance to Ukraine in the war against russia. The securities will have triple-A rating as Canada’s top-rated regular bonds. Bond maturity is 5 years, and the proceeds from them will be directed by the Canadian government to help Ukraine through a special account administered by the International Monetary Fund. Funds from there are used for such needs as paying pensions and buying fuel for the heating season. Canada’s government is primarily targeting individual (retail) investors to buy these bonds.
This underscores the government’s desire to go beyond just financial support for Ukraine: it’s also to show broad Canadian support for the country in its fight with Russia. Thus, everyone willing will be able to contribute to the economic and financial stability of Ukraine by purchasing these papers.
Canada becomes the first partner country to offer a bond for purchase in support of Ukraine. The government will provide a loan equivalent to the proceeds from the bond sale, according to a statement issued by Prime Minister Justin Trudeau.
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