Oschadbank’s authorized capital increased by more than UAH 5 bln

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Ukrinform
The Cabinet of Ministers of Ukraine has increased the authorized capital of the PJSC State Savings Bank of Ukraine (Oschadbank) by UAH 5.4 billion.

This has been stipulated in a government’s resolution as of March 6, 2017, No.122, the government’s official website reports.

"To increase the authorized capital of the PJSC State Savings Bank of Ukraine by UAH 5,400,960,000 by issuing 4,656 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 5,400,960,000, with a maturity of up to 15 years and an interest rate of 5% per annum in exchange for the shares of an additional issue of the PJSC State Savings Bank of Ukraine.

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