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 to become the major supplier of sunflower meal to China – Ukroliyaprom
April 17, 15:30
Ukraine: as of April 1, grain stocks totaled 16.2 mln tonnes – State Statistics Service
April 17, 12:50
Ukraine started planting corn - Ministry of Agrarian Policy
April 16, 17:50
In January-February, Ukraine reduced the exports of goods - State Statistics Service
April 16, 16:50
In January-February, Ukraine exported almost 200 thsd tonnes of wheat to the EU
April 15, 16:20
Ukraine: Nika-Tera transshipped over 420 thsd tonnes of grains in January-March
April 15, 12:40
Ukraine: agricultural commodities production decreased by 4.7% - State Statistics Service
April 15, 09:30
As of April 14, Ukraine planted spring grains throughout 1.8 mln ha - Ministry of Agrarian Policy
April 14, 17:30