Ukraine to Implement Bonds Issue of T-Bills in Foreign Currency
OREANDA-NEWS. December 20, 2011. There are come into force the Resolution of the Cabinet of Ministers of Ukraine from 12.12.2011 № 1280 "On Amendments of the Resolution of the Cabinet of Ministers of Ukraine from 31 January 2001, № 80".
This Resolution was approved:
- The basic issuing conditions and procedures for placing of the short-term government bonds denominated in foreign currency;
- The basic issuing conditions and procedures for placing of the short-term or medium-term government bonds denominated in foreign currency.
These changes were based on the Law of Ukraine "On Amendments to Article 10 of the Law of Ukraine "On Securities and Stock Market", which came into force 15.12.2011. Thus, Article 10 was amended by rule, which provides for the sale of T-bills in local or foreign currency.
Thus, the new financial instrument may be purchased by banks, non-residents, legal entities and individuals, by working in the market of government securities with primary dealers of the Ministry of Finance of Ukraine.
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