The national Bank of Ukraine (NBU) and the Ministry of Finance continue negotiations on the restructuring of bonds of internal state loan (government bonds). About it reports a press-service of the national Bank.
The repayment of the new obligations of the Ministry of Finance to the National Bank will occur evenly over a long period (still under discussion maximum term 30 years).
“The process only applies to government bonds that are in the portfolio of the NBU. Currently, their amount is about 383 billion UAH”, – said the Finance Minister Oleksandr danylyuk.
According to the Deputy Chairman of the National Bank Oleg Churia, this process has two goals. First, to ease the burden on public budget due to the change in the timing of repayment and servicing of government bonds held by the national Bank. Second, to promote a prudent fiscal policy that coincides with the goals of the NBU to ensure low and stable inflation.
As a result, the government bonds owned by the national Bank should be converted into long-term hryvnia bonds of different maturity with reference of return with the rate of inflation.