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Mr. Oleksandr Dubykhvist: Treasury bonds are instrumental in the development of the Ukrainian stock market
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Held on 18
April 2013 at the Information Agency “Ukrainian News”, the roundtable
discussion on “Investment opportunities for private investors in 2013:
instruments and experience regarding the use thereof” focused on the advantages
of investing in modern financial instruments offered to Ukrainian citizens who
could make use of this investment opportunity to preserve and increase their
savings. The
representatives from the National Bank of Ukraine, Ministry of Finance of
Ukraine, Oschadbank (The State Savings Bank of
Ukraine) PJSC, independent experts and analysts participated in the roundtable
discussion. Mr. Oleksandr Dubykhvist, Director of
Department of Foreign Exchange Reserve Regulation and Transactions in the Open
Market, says that the Ukrainian stock market is steadily developing and new
investment instruments are becoming available to individuals: “We have created
attractive conditions for the operation of the stock market, and the
instruments offered by the Ministry of Finance of Ukraine appear to be
instrumental in developing the stock market”. In addition, he has noted that
Ukraine offers a favorable tax system for private investors. Mr. Oleksandr Dubykhvist dwelled on
the advantages of investing in Treasury bonds issued in bearer form that any
individual can purchase at the offices of Oschadbank
PJSC. As treasury
bonds are certificated securities, opening a bank account or concluding an
agreement with the bank is not required. Holders of government treasury bonds
are not obliged to declare investment income that considerably simplifies
transactions in these securities. US
dollar-denominated government treasury bonds are highly liquid financial
instruments, being in great demand among both individuals and banks. A holder
of Treasury bonds can sell these securities at any time. Therefore, unlike
deposit holders, holders of treasury bonds can, if required, return the funds
invested in treasury bonds in full or partially by selling either the entire
portfolio of securities or its portion. We would
like to remind you that on 11 April 2013, the Ministry of Finance of Ukraine
began making coupon payments for the first coupon period on its Series A Treasury bonds. A Treasury bond with a coupon rate of 9.2%
per annum pays the holder a fixed-interest payment of USD 23 per each coupon
attached to the Treasury bond. The coupon payments to holders of Treasury bonds
are made at the offices of Oschadbank PJSC operating
in the territory of Ukraine. |