EBRD to issue bonds in UAH
The European Bank for Reconstruction and Development (EBRD) plans to launch the first-ever bond issue by the international financial institution in the local currency – UAH, declared Suma Chakrabarti, President of the Bank, on May 13.
He noted that the recent devaluation of UAH confirms the significance of such tool to finance Ukrainian enterprises in the national currency.
According to him, the EBRD spent many years of work to launch the initiative. It is already approved, and the Bank needs to go ahead and realize it. It is particularly important taking into account the current situation: businesses need access to financing in the national currency, because it is difficult to work with other currency, said S.Chakrabarti.
He also reminded that the Bank recently approved the program to support floating capital for existing Ukrainian customers at 150 mln EUR, which will assist to mitigate the effects of UAH devaluation.
You should be authorized to post comment
Ukraine harvested over 43 mln tonnes of grains - Ministry of Agrarian Policy
Ukraine exported over 10 mln tonnes of grains - Ministry of Agrarian Policy
Imports of rye flour from Belarus to Ukraine reached high level
Ukraine: in January-August, the costs for agricultural production grew - State Statistics Service
Ukraine: share of 2- and 3-grade wheat increased in the grain harvest structure - SGS Ukraine
September 28, 18:20
Сonference “Oilseeds&Oils – 2016” started in Barcelona
September 28, 11:45