NBU not to soak up bonds to boost Naftogaz equity
10 July 2009
The National Bank of Ukraine will not purchase local bonds issued to facilitate a capital increase at Naftogaz of Ukraine, an NBU official cited by Interfax said yesterday. The bonds will rather be purchased by state-owned Ukreximbank and Oshchadbank, which could resell them to the NBU when Naftogaz is due to make payments. The Cabinet of Ministers has approved issuing UAH 18.6 bln in local sovereign bonds to boost Naftogaz’ equity.
