OTP Bank to Participate in Ministry of Finance Auctions for the sale of military bonds
OTP Bank continues to participate in the auctions by the Ministry of Finance of Ukraine for the military government bonds sale for the benefit of its customers. The next auction will take place on Tuesday, April 19.
During the auction, military bonds denominated in US dollars, euros and UAH are expected to be placed with yields of 3.7%, 2.5% and 10-11% per annum, respectively. The maturity ranges from 196 to 472 days for UAH bonds and amounts to 225 days - for bonds in euros and 372 days - in US dollars.
Among the most important benefits of investing in military bonds is a 100% state guarantee of return as well as yield payment and no income taxation. In addition, the bank does not verify the source of clients` funds invested in the military bonds and does not withhold fees for the purchase of the bonds.
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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.