Canada’s $500 million Ukraine Sovereignty Bond issue placed in one day

1 December 2022, 12:27 PM
Canada continues to support Ukraine (Photo:Ady_Dayman/Twitter)

Canada continues to support Ukraine (Photo:Ady_Dayman/Twitter)

An issue of Ukraine Sovereignty Bonds worth $500 million announced by the government of Canada was placed in full on Nov. 29, the Department of Finance of Canada said in a press release on Nov. 30.

The money raised from the issue will be used to directly support the Ukrainian government, the Canadian government has said.

The investor base for the Ukraine Sovereignty Bond is primarily Canadian, with nearly $50 million in demand coming from individual Canadians.

“Yesterday, the government of Canada successfully completed (the placement of) a five-year, $500 million issue of Ukraine Sovereignty Bonds, first announced last month by the prime minister,” the report says.

Video of day

“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.”

Ukrainian President Volodymyr Zelenskyy in a video address on Nov. 30 thanked Canada and its Prime Minister Justin Trudeau personally for supporting Ukraine.

“I’m grateful to our Canadian friends and personally to Mr. Justin Trudeau and Mrs. Chrystia Freeland for this manifestation of Canadian leadership,” Zelenskyy said.

“(This is) leadership that demonstrates to other partners what can be effective right now to support Ukraine.”

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