The Cabinet of Ministers of Ukraine has increased the authorized capital of the PJSC State Export-Import Bank of Ukraine by UAH 4.7 billion.
This has been stipulated in a government’s resolution dated March 6, No.123, the government’s official website reports.
“To increase the authorized capital of the PJSC State Export-Import Bank of Ukraine by UAH 4,700,000,981.48 by issuing 3,214,687 additional shares of the existing nominal value and preserving 100% of such shares in the state property,” reads the document.
The Cabinet of Ministers instructed the Finance Ministry to issue government domestic loan bonds in the amount of UAH 4,700,001,000, with a maturity of up to 15 years and an interest rate of 9% per annum in exchange for the shares of an additional issue of the PJSC State Export-Import Bank of Ukraine. (Ukrinform/Business World Magazine)