Ukraine acts to cover ‘major shortfall’ in nationalised bank
NBU also tightens bond auction anonymity and announces restriction on use of cash to settle payments
Ukraine's central bank announced a large bond issue on December 22 to cover what it said was a major capital shortfall in recently nationalised commercial concern Privatbank.
The National Bank of Ukraine (NBU) said it would issue sovereign domestic bonds worth 116.8 billion hryvnia ($4.3 billion). The NBU said that it expected the bonds to have a yield of "around 10% annually".
Privatbank was nationalised on December 19 last year. Before the nationalisation decision, one observer tells CentralBa
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