The amount of savings bonds equals UAH 100 billion
On May 21, 2014 the Oschadbank has commenced selling treasury bonds «Military» of series В, the receipts from sale will be used to support the defence capacity of the Ukrainian army, the press-service of the Oschadbank reports.
The «military» savings bonds issued by the Ministry of Finance of Ukraine are the bonds in the paper form payable to “bearer” to be sold at face value amounting to 1000 hryvnias, with the interest rate of 7% per annum and coupon payment in every six months. The fixed income per each coupon is UAH 35 hryvnias. The value of these securities totals UAH100 million with life cycle of 24 months, pursuant to resolution of the Cabinet of Ministers of Ukraine dd. April 1, 2014 №100 On Issue of Treasury Bonds «Military».
With the view of ensuring equal yield on bonds for buyers, the sale price of treasury bonds will be different depending on days remaining to maturity. At the first day, treasury bonds are sold at face value, while the next days - at the sales value that is computed from the sum of proceeds cumulated, with taking into account the set amount of proceeds from coupon (the nearer the maturity date, the higher the sale price).
