Canada issues world’s first government bonds in support of Ukraine

Canadian Prime Minister Justin Trudeau announced this on Twitter.

“Canadians can now purchase Ukraine Sovereignty Bonds. These bonds allow Canadians to provide direct support to Ukraine, so the Ukrainian government can keep providing essential services,” he tweeted.

The Ministry of Finance of Canada also announced the issuance of securities in the amount of 500 million dollars.

The government notes that citizens who purchase these securities, in fact, buy ordinary five-year Canadian government bonds with an effective interest rate of 3.3%, which will depend on market conditions at the time of the transaction.

Update: Canadians can now purchase Ukraine Sovereignty Bonds. These bonds allow Canadians to provide direct support to Ukraine, so the Ukrainian government can keep providing essential services. Find out more here: https://t.co/7X0K3mvWXJ

— Justin Trudeau (@JustinTrudeau) November 21, 2022