16:45 29.05.2015

Finance Ministry places bonds worth UAH 4.7 bln outside market for Ukrgasbank, Deposit Guarantee Fund in April

2 min read
Finance Ministry places bonds worth UAH 4.7 bln outside market for Ukrgasbank, Deposit Guarantee Fund in April

The Ministry of Finance in April issued targeted government domestic loan bonds worth UAH 3.2 billion to recapitalize Ukrgasbank and UAH 1.5 billion to provide a loan to the Individuals' Deposit Guarantee Fund.

According to the ministry, government bonds for another UAH 8.9 billion to recapitalize Naftogaz Ukrainy were placed outside the market.

In general, in the first four months the target issuance of government bonds was UAH 30.8 billion, of which UAH 26.1 billion was used to replenish the charter capital of Naftogaz.

At the same time, UAH 16.46 billion was raised on the domestic market, UAH 67.88 billion - on the external market, including from the IMF - UAH 56.9 billion (SDR1.9 billion), from the EU - UAH 6 billion (EUR250 million), from Canada – UAH 3.7 billion (CAD200 million).

Privatization during the four months brought UAH 113.6 million to the national budget, with the plan for the year being UAH 17 billion.

The Finance Ministry also reported that UAH 56.5 billion was repaid in the foreign debt principal, and UAH 7.91 billion on the internal debt.

As a result, the national budget surplus in January-April 2015 amounted to UAH 8.2 billion against the planned deficit for the period in the amount of UAH 26.25 billion, the consolidated budget surplus reached UAH 18.49 billion.

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