On March 1, Ukraine held the first auction for the placement of government domestic loan war bonds, at which it attracted UAH 8.122 billion for the period of one year at 11% per annum.

According to the Ministry of Finance, a total of 10 applications were submitted for the auction, all of them were satisfied.

In addition, another auction was held, at which UAH 20.7 million was raised at 10% per annum for 56 days.

"In the conditions of military aggression of the Russian Federation, the Ministry of Finance offers citizens, businesses and foreign investors to support the budget of Ukraine by investing in military government bonds," the Ministry of Finance said on the eve of the auction.

The funds from the bonds will be used to meet the needs of the Armed Forces of Ukraine and the uninterrupted provision of the financial needs of the state under martial law, the ministry said.

As reported, the total volume of issuance of military bonds is up to UAH 400 billion. They can be purchased by the National Bank. However, according to available information, it was not among the buyers in the first auction.

The last time the Ministry of Finance sold war bonds was after the start of the war with Russia in Donbas in 2014.