Military bonds to support the Armed Forces of Ukraine: what is it and how to buy

More than 30,000 Ukrainians and business representatives have joined the purchase of domestic government war bonds (OVGZ).

Over the past week, the number of depositors among citizens and businesses increased from 11.8 thousand to 43.3 thousand.

This was reported by the press service of the National Bank.

In total, since the beginning of the full-scale attack of the Russian Federation, the Ministry of Finance has held 27 auctions for the sale of military bonds and attracted more than 55.2 billion hryvnias, about 144.1 million dollars, to the state budget. USA and 176.5 million euros.

Now the volume of investments of Ukrainian citizens and businesses in military bonds exceeds UAH 4.6 billion, $45.7 million. USA and 25.6 million euros, and non-residents – 66.7 million hryvnia.

It should be noted that the face value of one hryvnia bond is about UAH 1,000, and that of a dollar bond is USD 1,000. USA, euro – 1 thousand euros;

The rate on previously issued hryvnia bonds ranged from 9.5% to 11% per annum (depending on the maturity), dollar – 3.7% per annum, euro – 2.5% per annum.

What is a war bond

War bonds are targeted government debt securities intended for borrowing on the market in order to finance the needs of the Armed Forces of Ukraine and the state in a war. Payments on such bonds are 100% guaranteed by the state and serviced by the Ministry of Finance.

No taxes or fees are levied on income from war bonds.

How to buy a war bond

War bond auctions take place every Tuesday. Banks – primary dealers – participate in them.

Citizens and businesses can buy military government bonds at any time through primary dealer banks or through licensed investment firms. Such transactions are classified as transactions in the secondary government bonds market.

Earlier it was reported that the NBU transferred more than UAH 14.9 billion for the needs of the military.

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