Canada begins collecting applications for purchase of 5-year bonds totaling 500 mln Canadian dollars to support Ukraine

MOSCOW. Nov 21 (Interfax) - The Canadian government has begun collecting applications for the purchase of 5-year bonds totaling 500 million Canadian dollars (about $373.4 million at the current exchange rate), Ukraine Sovereignty Bonds will be placed via participatory financial institutions before November 29 as a way to support Ukraine.

The bonds with a nominal value of 100 Canadian dollars and an approximate yield of 3.3% (which depends on market conditions at the moment of placement) will be issued at the end of this month, the Ukrainian media said with the reference to the Canadian government website.

Bond coupons will be paid twice a year - on February 24 and August 24, and their redemption is due on August 24, 2027.

The bonds are planned to be placed mainly among Canadians, but citizens of other countries can also buy them.

Kiev will receive the funds as a loan via the IMF administered account after respective negotiations with Ukraine, and the loan terms will include the payment deferral provided by the Paris Club for the period between August 2022 and December 2023.