On December 13, 2022, at the Standing With the Ukrainian People conference, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, presented the Prime Minister of Ukraine, Denys Shmyhal, with a certificate to mark the upcoming transfer of $500 million to Ukraine-the proceeds of the Ukraine Sovereignty Bond.
Today, Canada disbursed the $500 million loan through the International Monetary Fund's (IMF) multi-donor Administered Account for Ukraine.
The Ukraine Sovereignty Bond was issued by the Government of Canada on November 29, 2022, and will assist the Government of Ukraine in continuing to provide essential services to Ukrainians this winter, such as pensions, the purchasing of fuel, and restoring energy infrastructure.
The Ukraine Sovereignty Bond offered Canadians an opportunity to show their support to Ukraine by purchasing the bond in denominations starting at $100. Individual investors purchased nearly $50 million, with the remainder coming from a broad range of domestic and international investors, governments, and institutions. Government investors include the cities of Edmonton and Ottawa, the province of Saskatchewan, and the central banks of Estonia, Lithuania, and Poland.
