NBU monetized bonds of domestic state loan for “PrivatBank”

НБУ монетизировал облигации внутреннего государственного займа для "Приватбанка"

The national Bank of Ukraine monetized bonds of internal state loan to PJSC CB “PrivatBank”. About it reports a press-service of the NBU.

“In the framework of improvement of PJSC CB “PrivatBank” national Bank of Ukraine monetized bonds-bills issued by the Ministry of Finance on the capitalization of the Bank after its transition to public ownership. For this, yesterday, 28 December 2016, the national Bank bought government bonds in the amount of 25.8 billion UAH”, – stated in the message.

It is noted that the funds received from the sale of government bonds, in a greater degree directed on repayment of Bank’s debt to the NBU for refinancing loans.

Yesterday, after the monetization of PJSC CB “PrivatBank” has already repaid this debt before the regulator.

Consequently, the proceeds from the monetization of government bonds, PJSC CB “PrivatBank” will not be used to cover outflows of deposits from the Bank and will not have a significant impact on the currency market and inflation.

Related news: the securities Commission registered the issue of shares of “PrivatBank” to 116.8 billion

Yesterday it was reported that the devaluation of the hryvnia is not associated with the nationalization of “PrivatBank”.