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Head of the National Bank of Ukraine: PrivatBank eurobonds to be bailed in
10:19, 19 December 2016
Head of the National Bank of Ukraine: PrivatBank eurobonds to be bailed in

Practically this means converting Eurobonds into the banks capital

10:19, 19 December 2016

National Bank of Ukraine

PrivatBank eurobonds to be bailed in, the Head of the National Bank of Ukraine Valeriya Hontareva announced during the briefing together with the Finance Minister Oleksandr Danyliuk.

“External liabilities shall be processed due to the bail-in procedure. Practically this means converting Eurobonds into the banks capital,” she said.

Related: PrivatBank suspends servicing entities for 24 hours

As we reported earlier, the Ukrainian government acquired 100 percent of the shares of PrivatBank, the biggest Ukrainian bank, according to the late Sunday announcement on the official website of the Cabinet of Ministers.

Related: Standard & Poor's lowered the long-term rating of Ukrainian "PrivatBank"

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