To offer Canadians an opportunity to directly support the brave people of Ukraine, the Government of Canada is today launching the $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 Government of Canada has partnered with participating financial institutions to offer interested Canadians the opportunity to purchase a Ukraine Sovereignty Bond in denominations of $100. Canadians interested in purchasing this bond should contact their investment advisor or financial institution starting today and until November 29, 2022.
Canadians who purchase the Ukraine Sovereignty Bond will, in effect, be purchasing a regular five-year Government of Canada bond at roughly the current 3.3 per cent rate of return, subject to market conditions at the time of issuance. Canadians can be confident in the safety of their investment, which is fully backed by Canada's AAA credit rating.
After the bond issuance has concluded, and subject to negotiations with Ukraine, an amount equal to the proceeds from the bond will be transferred to Ukraine through the International Monetary Fund (IMF) Administered Account for Ukraine.
