Yesterday, the Government of Canada successfully completed the issuance of a five-year $500 million Ukraine Sovereignty Bond, first announced last month by the Prime Minister. 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 investor base for the Ukraine Sovereignty Bond is primarily Canadian, with nearly $50 million in demand from individual Canadians. Overall it includes a broad range of domestic and international institutional investors, different orders of government, and international official sector institutions like central banks.
The Ukraine Sovereignty Bond has provided Canadians with an opportunity to show their support to Ukraine by purchasing the bond, which is fully backed by Canada's AAA credit rating, in denominations starting at $100. Those still wishing to purchase the bond should contact a participating financial institution.
Following negotiations with Ukraine, an amount equal to the proceeds from the bond will be transferred to Ukraine in the form of a loan through the International Monetary Fund (IMF) Administered Account for Ukraine.
