As many of you may be aware, the Government of Canada has announced that they will be issuing “Ukraine Sovereignty Bonds” to help fund Ukraine’s ability to continue operations, provide essential services to Ukrainians (pensions, salaries, etc.) as well as purchasing fuel for winter.
These will be Government of Canada 5-Year bonds, carrying the Government of Canada triple-A credit ratings (highest credit rating available). The interest rate offered to retail investors remains to be determined by the market. However, we expect it could be around the yield of a five-year regular Government of Canada bond.
In order for the members of Ukrainian Credit Union to participate in these bonds, you will need to have a brokerage account. Ukrainian Credit Union Limited has a relationship with Credential Qtrade Securities Inc., and so we will be happy to help direct you to an investment advisor that can guide you in participating in this bond issue.
Please email: [email protected]; or call: 416-763-5575 x150
For more information about this issue, please visit https://www.canada.ca/en/department-finance/programs/financial-sector-policy/ukraine-sovereignty-bond.html
Share on Social Media
