Finance ministry wants to relax access of public to government bonds via PrivatBank
The Finance Ministry of Ukraine is working on a possibility of selling government domestic loan bonds on the retail market jointly with PrivatBank, acting Finance Minister of Ukraine Oksana Markarova has said.
"We have launched the product in PrivatBank - government domestic loan bonds for the public. We are testing the product as it is (the minimum volume of a transaction is UAH 1 million), and then we will launch it on the retail market. We need some changes to the law to launch it," she wrote on her Facebook page.
According to the National Bank of Ukraine, as of August 1, 2018, individuals held government bonds for UAH 3.983 billion, including those pegged to foreign currency for UAH 2.671 billion.
The Finance Ministry on July 31 placed hryvnia-pegged government bonds for over UAH 1 billion at 16.82% per annum for three-year bonds and 18% per annum for six-month bonds.
