Canada launches $500 million Ukraine Sovereignty Bond
Canadians who buy these bonds will in effect be buying a regular five-year bond (Photo:ElasticComputeFarm/pixabay.com)
The Government of Canada has launched a $500 million Ukraine Sovereignty Bond, giving Canadians the opportunity to directly support the Ukrainian government, the Department of Finance of Canada said in a press release on Nov. 21.
“The funds will assist the Government of Ukraine so it can continue to provide essential services to Ukrainians this winter, such as pensions, the purchasing of fuel, and restoring energy infrastructure,” the report says.
It is noted Canadians who purchase the Ukraine Sovereignty Bond will, in effect, be purchasing a regular five-year Government of Canada bond at roughly the current 3.3% of return, subject to market conditions at the time of issuance.
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