How the Ukraine Sovereignty Bond will work
Canadians who participate in the Ukraine Sovereignty Bond are, in effect, purchasing a regular five-year Government of Canada bond at a 3.245 per cent rate of return. To provide investors with confidence about the safety of their funds, the Ukraine Sovereignty Bond is likewise backed by Canada’s AAA credit rating.
The bond will pay interest twice per year, on February 24 and August 24, until the bond matures in 2027. For example, a $1,000 investment at a yield of 3.245 per cent should expect to receive $16.23 every February and August through 2027.
The bond will mature on August 24, 2027, Ukrainian Independence Day, at which time bondholders will receive the full repayment of their initial investment.
There is a return on it, much like Canada Savings Bonds that I grew up with. Not the most astute investment but there is a return on the money, the right thing for me to do as a Ukrainian descended Canadian with the financial means. They sold out very quickly.