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Ukraine Considers Raising Coupons on War Bonds to Lure Investors

People walk past the Lviv National Art Gallery with windows protected by sandbags.

People walk past the Lviv National Art Gallery with windows protected by sandbags.

Photographer: Yuriy Dyachyshyn/AFP/Getty Images

Ukraine’s government is considering increasing the coupons on its war bonds to test whether this will lure more financial investors to its debt, according to people familiar with the latest deliberations.

The National Bank of Ukraine has in the past week piled pressure on the Finance Ministry to boost yields on domestic debt and attract more buyers, which would reduce the budget’s reliance on the central bank’s quantitative-easing program.