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Canadian government issues Ukraine sovereign bonds-

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  The Canadian government launched the C 500 million US 400 million Ukraine Sovereignty Bond on Monday According to a press release issued by Finance Canada the funds will help the Ukrainian government continue to provide essential services to Ukrainians this winter such as pensions fuel purchases and restoration of energy infrastructure Under the terms of Canada s financial assistance to Ukraine to date the funds cannot be used for lethal activities or purchases and must be consistent with relevant sanctions laws and regulations the statement said According to the statement Canadians who purchase the Ukraine Sovereignty Bond will in effect purchase a regular five year Government of Canada bond at approximately the current rate of return of 3 3 percent Upon completion of the bond issuance and subject to negotiations with Ukraine an amount equal to the proceeds of the bond will be transferred to Ukraine through the International Monetary Fund s Administered Account for Ukraine according to the statement Xinhua
Canadian government issues Ukraine sovereign bonds-

Ukraine Sovereignty Bond

– The Canadian government launched the C$500 million (US$400 million) Ukraine Sovereignty Bond on Monday.

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According to a press release issued by Finance Canada, the funds will help the Ukrainian government continue to provide essential services to Ukrainians this winter, such as pensions, fuel purchases, and restoration of energy infrastructure.

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Under the terms of Canada’s financial assistance to Ukraine to date, the funds cannot be used for lethal activities or purchases, and must be consistent with relevant sanctions laws and regulations, the statement said.

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According to the statement, Canadians who purchase the Ukraine Sovereignty Bond will, in effect, purchase a regular five-year Government of Canada bond at approximately the current rate of return of 3.3 percent.

Upon completion of the bond issuance, and subject to negotiations with Ukraine, an amount equal to the proceeds of the bond will be transferred to Ukraine through the International Monetary Fund’s Administered Account for Ukraine, according to the statement. ■

(Xinhua)

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