The Cabinet instructed to issue government bonds for Privat

Кабмин поручил выпустить ОВГЗ для Приватбанка

Privat decapitalizing

The Finance Ministry will issue bonds for a period of 17 years and rate to 9.8 per annum.

The Cabinet of Ministers instructed the Finance Ministry to issue bonds of internal state loan in the amount 38,565 billion for recapitalization of nationalized in December 2016 PrivatBank. This is stated in the decision of the Cabinet published its press-service.

“The Ministry of Finance to issue domestic government loan bonds in the amount of up to 38 565 000 000 UAH with a maturity of up to 17 years and interest rate of income to 9.8 percent per annum”, – stated in the message.

Also, the resolution noted that the state represented by the Ministry of Finance participates in additional capitalization of PrivatBank by purchasing additional shares of the Bank, in the amount 38,565 billion in exchange for bonds of internal state loan.

We will remind, on June 23, Finance Minister Alexander danyluk said that the Cabinet of Ministers decided to dokapitalizatsii Privat 38.5 billion UAH.

June 16, media reported that nationalized PrivatBank is in need of recapitalization in the amount of 38.5 billion UAH.

Earlier, Finance Minister Alexander Danilyuk declared that after full nationalization of the PrivatBank his plan to sell.