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 exported over 36 mln tonnes of grains - Ministry of Agrarian Policy
Ukraine: snowfalls in the second half of April contributed to healthy growth of winter crops - T.Kutovyi
Ukraine: in the first quarter of 2017, Nika-Tera increased shipment of grain cargoes
Ukraine: PJSC SFGCU exported over 63 thsd tonnes of flour milling products
APK-Inform announces the agro-logistics forum "Dnieper-Danube-Black Sea" (Chișinău, Moldova)
In 2016/17 MY, Ukraine doubled the exports of peas to the EU countries - APK-Inform
In the season-2016/17, the export geography of Ukrainian soybean oil drastically changed - APK-Inform