NBU resumes trading in treasuries and bonds
NBU (Photo:NBU / Flickr)
The Central Securities Depository or CSD of the National Bank of Ukraine is resuming trading in state-backed securities, Ukraine’s central bank said in a message on its website on Aug. 7.
The measure is expected to bolster Ukraine’s economic recovery, the central bank, known by the acronym NBU, said in the message.
The policy change was recently approved by the National Securities Commission, the NBU added.
According to the message, as state securities are the primary conduit for capital investment, their trading will determine their market price and provide an additional boost to country’s economic recovery.
Crucially, the NBU said it had suspended its corresponding trading fees until at least Dec. 22, easing the transition for capital market players.
“As usual, the CSD urges its clients (private banks) to minimize or eliminate fees of securities trading while the NBU does the same – in order to attract further investment and support the country’s financial sector,” the NBU said in its message.
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