(Bloomberg) -- Ukraine raised 6.7 billion hryvnia ($229 million) in a second sale of war bonds, as it continues efforts to fund the country's defense against Russia's invasion.
The bonds were priced to yield 11% and have a par value of 1,000 hryvnia -- about $33, according to the country's Ministry of Finance. They are one of a number of ways Ukraine has sought to crowdfund money for both its armed forces and civilians facing the much larger Russian army.
Last week, the country raised 8.1 billion hryvnia -- or about $277 million -- from a similar auction of notes. The International Monetary Fund, the World Bank, and the European Union are all gearing up to offer financial assistance to the nation.
Read more: What Are ‘War Bonds' and How Is Ukraine Selling Them?: QuickTake
The debt comes with significant risks to investors given the ongoing devastation in the country as fighting continues. About 2 million people have fled Ukraine since Russia's invasion, according to the United Nations.
Ukraine Struggles to Get ‘War Bonds' to Retail Investors Abroad
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