OREANDA-NEWS. October 3, 2012. The NBU Banknote Printing and Minting Works has started printing government treasury bills, with the total volume of government treasury bill issuance amounting to USD 200 million.

On 10 October 2012, the State Savings Bank of Ukraine (Oschadbank) is to launch the sale of government treasury bills at face value of 500 USD with a two-year maturity. The yield on government treasury bills stands at 9.2%.

Any citizen will be able to buy government treasury bills worth UAH 150 thousand, without having to produce identification documents. However, citizens will be required to produce identification documents when purchasing treasury bills worth more than UAH 150 thousand.

Treasury bills are a reliable and high-yield financial instrument designed for households. The circulation terms of treasury bills provide for the possibility to sell back these financial instruments to the State Savings Bank of Ukraine (Oschadbank) at any time. The main advantage of treasury bills is that they are deemed risk free as the government guarantees that interest and principal payments will be paid.