Government increases authorized capital of State Export-Import Bank of Ukraine

13.03.2017 11:23 451

The Cabinet of Ministers of Ukraine has increased the authorized capital of the PJSC State Export-Import Bank of Ukraine by UAH 4.7 billion.

This has been stipulated in a government’s resolution as of March 6, 2017, No.123, the government’s official website reports.

"To increase the authorized capital of the PJSC State Export-Import Bank of Ukraine by UAH 4,700,000,981.48 by issuing 3,214,687 additional shares of the existing nominal value and preserving 100% of such shares in the state property," reads the document.

The Cabinet of Ministers instructed the Finance Ministry to issue government domestic loan bonds in the amount of UAH 4,700,001,000, with a maturity of up to 15 years and an interest rate of 9% per annum in exchange for the shares of an additional issue of the PJSC State Export-Import Bank of Ukraine.

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