Government to raise UAH 2.6 bln in bonds for Agrarian Fund

Government to raise UAH 2.6 bln in bonds for Agrarian Fund



12 червня 2012 года
Конкорд Капитал

Ukraine’s Cabinet of Ministers approved of plans to sell UAH 2.6 bln (USD 325 mln) in t-bills with maturities of up to five years to lend money to the Agrarian Fund, according to a note on the government’s website yesterday.

Vitaliy Vavryshchuk: With the local t-bill market remaining idle, we think the securities will be purchased by state banks, which will later sell them to the NBU. The issuance of such bonds will add 0.5% to Ukraine’s end-April public debt. At the same time, we think the above scheme is largely neutral for the execution of the state budget and the government’s liquidity in 2012.

Источник: Конкорд Капитал

Аналитик: Виталий Ваврищук
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