The Ministry of Finance of Ukraine issued T-bills at 8.9 billion out of the market.
The volume of T-bills owned by residents of Ukraine – not banks increased from 3 to 6 April at 8.89 billion USD – to 31.7 billion USD, according to the National Bank of Ukraine.
The portfolio of government bonds owned by the National Bank of Ukraine remained almost unchanged – 338 140 000 000 UAH, banks – declined by 0.5 billion USD, up to 104.23 billion USD, non-residents – 0.19 billion USD, up to 27.07 billion USD.
State Budget Act allows the government in addition to the approval of the amount of funding and limit the size of public debt deficit issue of government bonds by 36.5 billion USD for the banks’ capitalization and 20 billion USD to finance Deposit Guarantee Fund of individuals and if necessary – and in excess of these amounts. In addition, the Cabinet may be capitalized through T-bills by 29.7 billion USD «Naftogaz of Ukraine».
Government in late January has passed a resolution to increase the authorized capital of «Naftogaz of Ukraine» by 31.5 billion USD (for the full amount stipulated in the state budget to reduce this amount to 29.7 billion USD in the correction of the state budget in early March) through the issuance of bonds up to 10 years with a rate of 14.5% per annum.
April 4 Cabinet instructed the Ministry of Finance to issue of government bonds by 20 billion USD to the Deposit Guarantee Fund of individuals.
In early April, the Cabinet also approved the issue of government bonds maturing in 20 years with an interest rate of 12% per annum to 20 billion USD for FGVFL.
As reported, the government in 2014, is placed in government bonds auction UAH 141.3 billion compared to USD 14.7 billion a year earlier, including the capitalization of «Naftogaz of Ukraine» has increased by 12 times – to 96.6 billion USD.
