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The Ministry of Finance of Ukraine launches the sale of Treasury notes to the public at the offices of Oschadbank PJSC
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Starting from today, any individual
will be able to buy certificated Treasury notes at face value of 500 USD at the
offices of Oschadbank PJSC throughout the territory of Ukraine. During a joint press conference on
10 October, Ms. Halyna Pakhachuk, Director of Debt and International Financial
Policy Department of the Ministry of Finance of Ukraine, Mr. Oleksandr
Dubykhvist, Director of the NBU Department of Foreign Exchange Reserve
Regulation and Transactions in the Open Market and Mr. Anton Tiutiun, Deputy
Chairman of the Management Board of Oschadbank announced the commencement of
placement of Treasury notes. The Ministry of Finance of Ukraine
launches the placement of certificated Treasury notes in bearer form at face
value of 500 USD with a maturity of 24 months. The yield on Treasury notes
stands at 9.2%. The issuance volume of Treasury notes totals USD 200 million. According to Mr. Oleksandr
Dubykhvist, the advantages of this investment instrument are obvious as their
reliability is guaranteed by the state. The issuance of certificated securities
in bearer form simplifies the procedure for purchase, circulation and
redemption of Treasury notes. Interest on Treasury notes is to be
paid every six months at the offices of Oschadbank PJSC, starting from the
second day after the end of the coupon period (dates are indicated on the
coupons). The coupon payments are fixed, standing at USD 23 per each coupon
attached to the Treasury bill. Treasury notes are issued in two
series: “A” and “B”. The issuance volume of each series totals USD 100 million.
Treasury notes of next series are placed after the sale of the previous one.
The redemption of a Treasury note or repayment of the face value of the
Treasury bill (USD 500) to the holder will be made at the offices of Oschadbank
PJSC starting from the second day after Treasury notes reach the maturity date.
The face value of the Treasury bill will be repaid together unpaid coupon
payments accrued. The maturity date of Treasury notes (Series A) falls on 8
October 2014. You can find more information about
the offices of Oschadbank PJSC that will be engaged in selling Treasury notes
and other important information by visiting the Web site of Oschadbank PJSC: http://www.oschadnybank.com/ua/private/kaznacheysk_zobov_yazannya/, or calling its help line: (044) 363-01-33, 0-800-210-800. |