According to the NBU’s press service, to simplify terms and conditions and reduce the cost of the international placement of proprietary Eurobonds by Ukrainian companies, the following changes were introduced:
transactions to distribute income on and redeem Eurobonds as well as other issuer transactions for the purpose of placing such securities were removed from the list that is subject to a EUR 2 million annual limit;
foreign currency can be bought to be deposited on the own account of the issuer with a Ukrainian bank until the maturity date of liabilities under Eurobonds.
“The amendments approved by the NBU will streamline the terms and conditions for raising funds and increase capital inflows into the Ukrainian economy and promote the country’s investment potential,” said NBU Deputy Governor Yuriy Heletiy.
The relevant amendments are stipulated by the NBU Board’s resolution of April 23, 2021, No.34, “On amending the Regulations on safeguards and procedures for certain transactions in foreign currency,” which comes into force on April 27, 2021.
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