​The Government has approved a transaction with the public debt

10/4/17

Today, the Cabinet of Ministers has approved the decree of the Ministry of Finance “On the Transaction with the Public Debt in 2017”.

What’s it about?

The Ministry of Finance is entitled, with the consent of the National Bank of Ukraine, to change domestic public bonds amounting 219.6 billion hryvnas which are held by the National Bank against new domestic public bonds which are issued at the terms set by the decree “On the Transaction with the Public Debt in 2017”.

As a result of this transaction, the domestic public bonds belonging to the National Bank shall be converted into new long-term and long-term inflatory bonds nominated in hryvnas having different maturity periods. The yield on these bonds shall depend on the inflation rate. The re-payment of the new bonds towards the National Bank shall be made in equal tranches for a significant period (from 2025 till 2047).

What’s the benefit?

This re-profiling will reduce the load on the state budget due to the new maturity terms of the bonds belonging to the National Bank of Ukraine.

You can mark the parts of text you like, which will be available at the link in the address bar of your browser

You can mark the parts of text you like, which will be available at the link in the address bar of your browser