Canada to sell Ukrainian relief bonds
Coupons on bonds will be paid twice a year - on February 24 and August 24 (Photo:ElasticComputeFarm/Pixabay)
Canada now accepts purchase requests for Ukraine Sovereignty Bonds, which will be used to financially support Ukraine, the Canadian government announced on Nov. 17.
CAD 500 million ($373 million) worth of five-year bonds will be offered through participating financial institutions, with current yields at 3.3%. Purchase applications are to be submitted by Nov. 29. Coupons on the bonds will be paid twice a year – on Feb. 24 and Aug. 24; redemption will occur on Aug. 24, 2027.
Most of the bonds are expected to be bought by Canadian citizens, although citizens of other countries are welcome to participate in the placement.
Raised funds will be provided to Ukraine as a loan through an IMF-administered account, after negotiations with Kyiv.
Earlier it was reported that Canada will provide CAD 34 million ($25.5 million) in additional military assistance to Ukraine. The country will also extend its mission to train Ukrainian troops in the UK as part of Operation Unifier until the end of 2023.
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