The Ministry of Finance of Ukraine launches the sale of Treasury notes to the public at the offices of Oschadbank PJSC
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.