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
LLC “Sunaco” became the sponsor of Middle East Grain Congress
Ukraine received the quotas for supplying of flour to the EU - Millers of Ukraine
Ukraine to keep the crops planted areas for the harvest-2016 at the last year level – O.Pavlenko
February 8, 16:55
Ukraine: in the first week of February, the seaports increased grain exports
February 8, 13:40
In 2015, Ukraine increased agricultural products exports to Asia, Africa and the EU – O.Pavlenko
February 8, 13:10
Ukraine exported 45% of agricultural products to Asia – O.Pavlenko
February 8, 11:40
In the first half of 2015/16 MY, PJSC SFGCU exported 1.5 mln tonnes of grains
February 8, 10:35
For 25 years, Ukraine fundamentally changed the structure of crop planted areas - APK-Inform
February 4, 17:25