SSMSC registered the issue of shares of “PrivatBank” to 116.8 billion

НКЦБФР зарегистрировала выпуск акций "ПриватБанка" на 116,8 млрд грн

The national Commission on securities and stock market (SCSSM) has registered the issue and prospectus of shares of “PrivatBank” to 116 billion 799,998 million. About it reports “Interfax-Ukraine”.

We will remind, on December 18, the government nationalized the PJSC “PrivatBank”. The issue volume of bonds of internal state loan for these purposes was estimated to be within 116,8-148 billion.

On 21 December, the Deposit guarantee Fund of natural persons and the Ministry of Finance of Ukraine signed a contract for the sale of 100% of shares of “PrivatBank”: the Ministry of Finance acquired 100% of the shares for one hryvnia. The decision explained the need, as the Bank was in a difficult position. International financial institutions supported this decision.

Related news: the NBU has sent at PrivatBank UAH 10 billion for refinancing

Accordingly, the Deposit guarantee Fund of individuals (fgvfl), which introduced a temporary administration into the Bank on December 21 increased the authorized capital of 29 billion 438,283 million UAH – up to 50 billion 694,751 million UAH due to redemption of shares of additional issue, after which they sold all of the shares of “PrivatBank” state for 1 UAH.

After that, the Ministry of Finance needs to participate in the capitalization of “PrivatBank”, by purchasing shares of additional issue of shares for an amount not exceeding the amount of the minimum capital requirements, calculated by the national Bank.

Related news: the Cabinet resolved to fill the capital “PrivatBank” index government bonds to offset the currency position

The government has instructed the Finance Ministry to issue bonds of internal state loan (government bonds) in the amount of up to 116.8 billion with a maturity period of 15 years and interest rate income does not exceed 10.5% per annum with a subsequent payment on behalf of the state as payment for additional issue of shares of “PrivatBank”.