Ukraine Raises Equivalent of $277 Million From Sale of War Bonds

Government looking at other ways of raising foreign currency
Ukraine’s war bonds sold on Tuesday have a yield of 11%

Ukraine raised the equivalent of about $277 million from a sale of war bonds, and plans to tap international interest with more debt sales. The nation also settled about $300 million in coupon payments due today. Yuri Butsa, Ukraine’s commissioner for public debt management, spoke on “BloombergMarkets: European Close.”

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By Fergal O'Brien, Daryna Krasnolutska, and Priscila Azevedo Rocha

March 1, 2022 at 3:18 PM UTC

Updated on

March 1, 2022 at 4:48 PM UTC

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Ukraine raised 8.1 billion hryvnia ($277 million) in a sale of war bonds, its latest fundraising effort to tap into the global support for the country in its fight against Russia’s invasion.

The country also paid about $300 million of bond interest to international investors due Tuesday, honoring its financial commitments amid a devastating conflict. Yuriy Butsa, Ukraine’s debt chief, said that the government is looking at other fundraising options, including foreign currency issuance, and is in talks with the IMF and World Bank for emergency help.