Ukraine Sovereignty Bond now available for Canadians to purchase

News release

November 21, 2022 - Ottawa, Ontario - Department of Finance Canada

To offer Canadians an opportunity to directly support the brave people of Ukraine, the Government of Canada is today launching the $500 million Ukraine Sovereignty Bond, first announced last month by the Prime Minister. The funds will assist the Government of Ukraine so it can continue to provide essential services to Ukrainians this winter, such as pensions, the purchasing of fuel, and restoring energy infrastructure.

The Government of Canada has partnered with participating financial institutions to offer interested Canadians the opportunity to purchase a Ukraine Sovereignty Bond in denominations of $100. Canadians interested in purchasing this bond should contact their investment advisor or financial institution starting today and until November 29, 2022.

Canadians who purchase the Ukraine Sovereignty Bond will, in effect, be purchasing a regular five-year Government of Canada bond at roughly the current 3.3 per cent rate of return, subject to market conditions at the time of issuance. Canadians can be confident in the safety of their investment, which is fully backed by Canada’s AAA credit rating.

After the bond issuance has concluded, and subject to negotiations with Ukraine, an amount equal to the proceeds from the bond will be transferred to Ukraine through the International Monetary Fund (IMF) Administered Account for Ukraine.

Quick facts

  • The Ukraine Sovereignty Bond builds on the Government of Canada's $2 billion in direct financial assistance to Ukraine so far in 2022, all of which has already been disbursed. Canada has separately committed more than $2.5 billion in military, humanitarian, and other assistance to Ukraine this year. This brings Canada's commitments to more than $5 billion.

  • Canada played a leading role in the creation of the IMF’s multi-donor Administered Account for Ukraine, which assists Ukraine in meeting its balance of payments and budgetary needs, and in stabilizing the Ukrainian economy. To date, Canada has disbursed $1.45 billion through the IMF Administered Account.

  • Subject to negotiations with Ukraine, this additional loan will respect the spirit of the current debt service suspension agreement agreed by the Group of Creditors of Ukraine. This will have no impact on interest payments to bondholders, who will receive interest coupon payments on a semi-annual basis.

  • Consistent with the terms of Canada’s financial assistance to Ukraine to date, the funds cannot be used for lethal activities or purchases, and must be consistent with relevant sanctions laws and regulations.

  • Canada is providing additional support to Ukraine through its shareholdings in international financial institutions, including the IMF, the World Bank, and the European Bank for Reconstruction and Development. Since the onset of Russia’s illegal invasion, these three institutions have together committed more than $28.5 billion to support the people of Ukraine.

Related products

Associated links


Media may contact:

Media Relations
Department of Finance Canada

General enquiries

Phone: 1-833-712-2292
TTY: 613-369-3230

Stay connected

Twitter: @financecanada

Page details

Date modified: