Canada issues $500 million Ukraine Sovereignty Bond: sold out in one day
On November 29, the Canadian government issued a five-year $500 million worth Ukraine Sovereignty Bond, which was sold in one day.
The Canadian government reported this.
"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 message said.
It is reported that the majority of buyers of these bonds are Canadian. In particular, individuals purchased such securities for almost $50 million.
"In general, the list of investors includes a wide range of domestic and international institutional investors, various levels of government, and foreign official institutions, such as central banks," the Canadian government emphasized.
They also added that after negotiations with Ukraine, the proceeds would be sent to a special IMF account.
The bond will mature on August 24, 2027, the Independence Day of Ukraine. Security holders will then receive full repayment of their initial investment.
