OTP Bank purchased military bonds for its clients at Ministry of Finance auction
OTP Bank purchased military bonds for its clients at the second auction by the Ministry of Finance of Ukraine, on March 8. According to the results of this auction, UAH 6,7 bln was attracted to the state budget.
According to the issue terms, the bonds are denominated in UAH, the nominal value of a bond is UAH 1 ths, the term of its circulation is one year; the yield is determined during an auction. The commission fee for the government securities purchase by OTP Bank for its clients was cancelled earlier.
Individuals, businesses and foreign investors can purchase military bonds via primary dealers. The funds raised from the sale will be delivered to meet the Ukraine`s Armed Forces needs and to ensure the consistent provision of the state's financial needs during the war.
The first auction of the military bonds sale took place on March 1, 2022, from which the state budget attracted UAH 8,1 bln.
OTP Bank enters the list of 11 banks-primary dealers, and according to the results of 2021, it was ranked the second in the overall ranking in terms of state bonds acquisition and occupied the first place among non-state banks in this rating.
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Public Joint Stock Company OTP Bank is a subsidiary of OTP Bank, which is the largest independent Central-Eastern-European banking group. JSC OTP Bank is one of the largest domestic banks, a recognized leader in the financial sector of Ukraine. The Bank provides a full range of financial services to corporate and private customers, as well as to small and medium enterprises. The bank entered the Ukrainian market in 1998, and since then it enjoys a staunch reputation of socially responsible, reliable and stable institution providing its consumers with services of European quality standard.