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Canada to issue five-year bonds in support of Ukraine

Canada to issue five-year bonds in support of Ukraine

On October 28, 2022, Canadian Prime Minister Justin Trudeau announced the Government of Canada is issuing new savings bonds to raise money for Ukraine.

The equivalent proceeds from this five-year bond will be channeled directly to Ukraine through the International Monetary Fund’s (IMF) Administered Account.

“These bonds will help the Ukrainian government continue operations, like providing essential services and purchasing fuel before winter,” Trudeau added.

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