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International Investment Bank Citi announced the expansion of the Global Deposit Note (GDN) of the public debt securities program of Ukraine. The press service of the bank reported this
It is noted that Ukraine has become the 20th member of the GDN of the American Citibank NA, acting as depositary.
GDN is a type of classic deposit receipt (CD) when the underlying asset is a debt security.
Previously, Citi Citigroup Global Markets Holdings Inc. (USA) structure has actively issued credit notes (CLN) under Ukrainian Hryvnia OVDP. The securities are listed on the Irish Stock Exchange, Euronext Dublin. The total amount of issue is about 5 billion UAH, at the same time the part of the government bonds has already been refunded.
According to data from the National Bank of Ukraine, the public bonds held by non-residents are more than 9.9 billion UAH. Read also: The EBRD spoke about cooperation with the country's largest farms
As written DT.UA banks today choose between state bonds and certificates of deposit of the NBU with the same high profitability and no less concrete warranties armed. With such safe and profitable tools, banks will probably not want to re-engage in problematic business loans.
Learn more about the process of inflation in the article by Yulia Samayeva " The thirst for money" cheap "in the weekly Dzerkalo Tyzhnya Ukraine."
