Forget Bitcoin, forget junk bonds: Buy Ukrainian Bonds and you will make a killing (not only metaphorically). The Ukrainian government is selling bonds at between 17.8 and 19.5% yield, according to maturity terms.
The Financial Times pumped this opportunity today week, in an article headlined, “Ukrainian Government Bonds Surge as Kyiv’s Cash Pile Climbs.” (https://www.ft.com/content/9af1bef9-18cc-4fb0-9c50-f1dd6b83f340)
On Aug. 8, the Ukrainian Ministry of Finance placed war bonds worth UAH7,219 million, according to a statement by the Ministry of Finance, the Ukrainian News agency reports. (https://ukranews.com/en/news/949112-finance-ministry-places-uah-7-2-billion-worth-of-war-bonds#:~:text= )
There is some unclarity on figures, but here is what is reported on a Ukrainian website, covering the bond offering: The Ministry placed securities with a maturity of 1.2 years for UAH22 million ($596,595.12) at 17.8% per annum, 1.5 years—for UAH2,133 million at 18.35% per annum, and three years—for UAH5,064 million at 19.50% yearly. (https://t.me/MOF_ua/1905)
Who is buying such bonds? Not your grandma and not your egg vendor around the corner—but probably investment banks with their money.
“Institutional investors including major U.S. and foreign banks—notably Citigroup—have taken their stakes in this,” SOLVE, a leading market data platform provider for fixed income securities, earlier reported.
