NBU extends work of temporary administration at Nadra

The National Bank of Ukraine announced this morning that it decided to extend the work of the temporary administration at Nadra Bank at a meeting on February 10. Kommersant reported today that businessman Dmitry Firtash offered to provide the bank with UAH 6.0 bln and prevent the bank’s liquidation. Reportedly, the NBU asked for evidence of the funds. The NBU tried to meet several times yesterday to decide the bank’s fate. Nadra’s USD 175 mln Eurobonds, maturing June 28, 2010 now trade at 20% of par, up from 14% at the end of January, according to Bloomberg.