NBU simplifies conditions for Ukrainian companies to place Eurobonds

NBU simplifies conditions for Ukrainian companies to place Eurobonds

Ukrinform
The National Bank of Ukraine (NBU) has improved some regulations on payment transactions of Ukrainian companies relating to proprietary debt securities placed abroad to attract foreign funding (Eurobonds).

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.

iy


Let’s get started read our news at facebook messenger > > > Click here for subscribe

While citing and using any materials on the Internet, links to the website ukrinform.net not lower than the first paragraph are mandatory. In addition, citing the translated materials of foreign media outlets is possible only if there is a link to the website ukrinform.net and to the website of a foreign media outlet. Citing and using materials in offline media, mobile apps, Smart TV are allowed only with written permission from Ukrinform. News and publications marked as "Advertisement" and "PR" and articles in the section "Releases" include promoted content, and an advertiser is responsible for the content.

© 2015-2021 Ukrinform. All rights reserved.

Website design Studio Laconica

Extended searchHide extended search
By period:
-