Ukraine will hold next local bond auction for war effort on Tuesday

Ukraine will hold the next auction of local 1-year bonds on Tuesday to raise money for its fight against invading Russian forces, the finance ministry said in a statement on Monday.

After Russia invaded Ukraine on Feb. 24, the Ukrainian government said it hoped to raise about $1.36 billion through new hryvnia bond issues. It raised 8.1 billion hryvnias ($273 million) in its first such auction last week.