Ministry of Finance Chose Kyivska Rus as Primary Dealer
OREANDA-NEWS. August 23, 2010. The Ministry of Finance has chosen the JSB “Kyivska Rus” as a primary dealer on internal government bonds market, reported the press-centre of Kyivska Rus.
According to the Cooperation on Stock and Bonds Market Agreement approved by the Ministry of Finance, the dealer is daily obliged to quote the price, initiate competitive purchase bids and ensure not less than 3% of the total volume of the internal government bonds for sale purchase.
The Ministry of Finance while placing internal government bonds for sale is obliged to satisfy the dealer’s requests only and to consider them while drawing up placing schedules. Only the banks with the statutory capital 10 million euro or more and with net internal government bonds trade volume more than 1 billion UAH may be granted the status of dealers.
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