2016-12-21T12:23:00+02:00 Politics 2023-07-15T10:19:47+03:00

Ukrainian news

Ukrainian news

Securities Commission Registers PrivatBank Share Issue

Securities Commission Registers PrivatBank Share Issue

The National Commission for Securities and Stock Market has registered an issue of PrivatBank's shares.

Ukrainian News Agency learned this from a statement made by the Commission's press service.

The Commission convoked a special meeting on December 19.

The only decision was made at them meeting: to register PrivatBank's share issue and the offering memorandum.

At the meeting on December 20, the Commission registered results of the offering and the placement report.

PrivatBank needs UAH 148 billion of capital; the Deposit Guarantee Fund has written off UAH 32 billion of the debts to the bank shareholders.

December 19, the Cabinet of Ministers decided to issue up to UAH 116.8 billion in domestic-loan government bonds to increase PrivatBank's capital, with a maturity of up to 15 years and an interest rate of up to 10.5 per cent.

The Ministry of Finance is to have issued the first tranche of government bonds worth UAH 43 billion before the end of the week.

As Ukrainian News Agency earlier reported, the Cabinet of Ministers on December 18 decided to nationalize PrivatBank.