Page 50 - UKRRptFeb23

from banks. According to the Ministry of Finance, UAH 20.54B was immediately raised from selling one-and-a-half-year bonds at 19.24% per annum. This is currently the only issue of benchmark OVDP bonds, which the National Bank has allowed banks to include in their coverage of required reserves beginning January 11. In addition, the Ministry of Finance placed six-month hryvnia bonds for UAH 332.56M at a 14% rate and two-year OVDP bonds for UAH 26.51M at 19.5%. The Ministry of Finance also raised $40.17M from the sale of six-month dollar bonds with a yield of 4.25% per annum and €29.37M from the sale of six-month government euro bonds at 3% per annum.
Canadian bonds to support Ukrainian sovereignty will appear in circulation in Ukraine. The National Commission for Securities and the Stock Market has admitted into circulation Ukraine Sovereignty bonds issued by Canada for CAD 500M ($373.3M). The coupon rate for the bonds is 3.245%. Coupon payments will be made twice a year: on February 24 and August 24, and repayment is scheduled for August 24, 2027, on Ukraine’s Independence Day. According to the Frankfurt Stock Exchange, these bonds are quoted at a rate of 101.285% of the face value. Canada placed these five-year sovereign bonds in November 2022. It was possible to attract about 10% of the amount from individuals, and the rest was acquired by legal entities, both Canadian and international, in particular, central banks. The money can be used only for peaceful purposes: paying pensions, purchasing fuel, and restoring energy infrastructure.
50 UKRAINE Country Report February 2023 www.intellinews.com