Withdrawal of $20 Mln for Holders of Ukrainian T-Bills

by Meifan Honcharuk
Friday, April 28, 2023
Withdrawal of $20 Mln for Holders of Ukrainian T-Bills

From April 1, foreigners can repatriate their payments on domestic government bonds

Deputy head of the National Bank of Ukraine, Yuriy Heletiy, said that foreign holders of Ukrainian domestic government bonds will be able to withdraw about $20 million of interest payments (₴800 million) to non-beautiful accounts.

"We are monitoring the situation and will, if necessary, calibrate our measures," Yury Gelety.

The Ministry of finance and the NBU are working to improve the terms of service for non-residents, thus stimulating them to invest in government bonds again. In the future, the state will be able to use funds from the primary market to compensate for the budget deficit.

At the same time, the NBU representative noted that the interest from government bonds available for repatriation covers the period from April 1 and not all bond redemptions. This decision was positively received both by foreign holders of government bonds and by the International Monetary Fund.

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