Vodafone Ukraine has announced the purchase of private veteran bonds totaling UAH 999,942.04. The securities carry a 6% yield with a maturity date of February 1, 2027. All funds raised through the sale of these assets are to support and develop Ukrainian veteran-owned businesses.

The targeted allocation of these funds is managed by the "Association of Entrepreneur-Veterans of the ATO," a public organization that pioneered the initiative to finance national veteran businesses during wartime through the issuance of securities. These investments are directed toward active enterprises owned by veterans of the war or those currently serving on the front lines.

This marks the second tranche from the Vodafone Ukraine group of companies. In March 2025, the company invested UAH 1.5 million in veteran bonds.

Capital raised last year has already yielded tangible results:

• Ravlykovyi Rai Ukrainka: Founded in 2023 by veteran Oleksandr Pishchanyi in the Mykolaiv region, the enterprise expanded into a new business line, installing greenhouses to increase the production of vegetables and herbs.
• T11CF Fitness Club: Founded by a military family, the club provides specialized training environments for veterans, including those with injuries and amputations. The facility successfully increased its veteran recovery capacity while growing its commercial client base by 30%, leading to a nearly 1.5x increase in revenue.

"Our approach to investment remains unchanged: we direct resources where they create real added value for the country," says Olga Ustinova, CEO of Vodafone Ukraine. "We consciously invest not in ready-made assets, but in the potential of people building businesses from scratch. If financing veteran bonds was a new experience for the market last year, today we are seeing the formation of an institution that supports veteran entrepreneurs while boosting investor confidence in small businesses."

"Ukraine is entering a veteran economy phase as millions return to civilian life to launch or resume businesses," explains Serhiy Poznyak, Chairman of the Association of Entrepreneur-Veterans of the ATO. "The key barrier is access to capital. Together with partners like Vodafone Ukraine, we are filling this market gap with a private instrument built on portfolio risk management and strong corporate governance."

In late January 2025, two additional veteran-owned companies received financing through private veteran bonds:

• Smakotvortsi Restaurant: Owner and veteran Oleksandr Kutniak received UAH 1 million via FinStream for business development.
• Father Fire: A charcoal production business founded by veteran and active serviceman Kostiantyn Solianyk received UAH 900,000 for expansion.

Since 2024, Vodafone has been a partner of the "Smilyvi" (Brave) program, which focuses on the successful reintegration of veterans into civilian life, the socio-economic development of their families, and the creation of new jobs.

The bonds are issued by FinStream (K2000 LLC).