The State Automobile Roads Agency of Ukraine (Ukravtodor) has started issuing bonds totaling UAH 5.782 billion, the agency has said on the website of the National Securities and Stock Market Commission.
The agency said in the statement that the issue of Ukravtodor bonds for the indicated amount was included in the public register of securities issues on April 28, 2020.
The Cabinet of Ministers of Ukraine approved the conditions for borrowing and providing government guarantees by the State Automobile Roads Agency of Ukraine (Ukravtodor) for a total amount of about UAH 19.27 billion at the meeting on April 1.
According to the decision of the Cabinet of Ministers, Ukravtodor will issue five series of government-secured bonds without a public offering.
The interest rate on bonds is set at 12.5% per annum and will be paid quarterly. The maturity of the bonds is from one to five years, depending on the series.
Bonds of Ukravtodor are redeemable by state-owned Ukreximbank.
Prime Minister of Ukraine Denys Shmyhal declares that Ukraine experiences an optimistic forecast of the development of the epidemic in the country.
“We are heading in accordance with an optimistic forecast for the development of the epidemic in Ukraine,” he said at an extraordinary government meeting on Monday.
The premier also noted that Ukraine is approaching a “plateau” when there are no significant increases in the disease rate.
The single counterparty exposure limit (H7, no more than 25%) was violated by Ukreximbank (36.1%), Industrialbank (58.16%), Prominvestbank (62.81%), and Misto Bank (42.73%) as of April 1, 2020, the National Bank of Ukraine (NBU) has reported.
The related party transactions exposure limit (H9, no more than 25%) was violated by FUIB (30.12%), Megabank (63.65%), Bank for Investments and Savings (78.05%), First Investment Bank (73.38%), and Unex Bank (31.50%).
The limit on bank total long open FX position (L13-1, no more than 10%) was violated by Prominvestbank (112.87%), Oschadbank (125.49%), PrivatBank (167.8%) and Industrialbank (19.17%).
The limit on bank total short open FX position (L13-2, no more than 10%) was violated by Prominvestbank (104.8%).
The liquidity coverage ratio (LCR) for all currencies (at least 100%) was violated by Misto bank (78.83%).
As for the adequacy ratio for core capital (H3, at least 7%), the NBU said that considering the requirements to raising the capital conservation buffer, the common equity adequacy ratio (N3) as of the beginning of 2020 should account for at least 7.625%.
CEO of lifecell mobile operator Ismet Yazici would like to see Azerbaijan Bakcell, which at the end of December 2019 bought Vodafone Ukraine, the second largest Ukrainian mobile operator, as an ally in the deregulation of the Ukrainian telecom market.
“I would like the new owner of the second largest mobile operator to actively engage in activities to improve working conditions in the Ukrainian telecom market. I would like Bakcell be an associate in how to deregulate the Ukrainian telecom market, make it more transparent, more competitive and more effective. Unfortunately, we are not observing this yet,” he told Interfax-Ukraine.
According to the CEO of lifecell, the change of ownership of Vodafone Ukraine did not influence the behavior and work of the operator in the Ukrainian market.
“After Bakcell entered the Ukrainian market, we did not see any changes. Vodafone Ukraine continues to adhere to previously defined strategy and continues to do what it did on the market before,” Yazici said.
The lifecell operator is the third largest mobile communications operator in Ukraine.
Azur Air Ukraine Airlines, jointly with Anex Tour operator, will perform a special additional flight from Phuket and Bangkok (both Thailand) to Kyiv on May 7.
“To get complete information regarding booking options and departure details, please call the Anex Tour representative office in Thailand at +66863777740,” the airline said.
Azur Air Ukraine (formerly Utair Ukraine) began operations in 2009, changing its name in 2015. The company is based at Boryspil International Airport (Kyiv), but offers flights from the country’s regions, namely Kharkiv, Zaporizhia, Lviv, and Odesa.
The manufacturer of electric systems, Plank Electrotechnic LLC, in the Bila Tserkva industrial park (the project of UFuture Group of businessman Vasyl Khmelnytsky) has noted growth in production and sales by 20-30% a month amid problems with supplies of similar products from China and Turkey due to lockdown, Khmelnytsky has said on its Facebook page.
He recalled that the Plank Electrotechnic launched in the spring of 2019 with reaching the planned self-sufficiency by the end of this year was initially created as a small manufacturer (for 50 people) of products not previously produced in Ukraine (sockets, switches, buttons) for sale in the Epicenter K and Nova Linia networks at prices below the prices set for the Chinese and Turkish similar products.
“But what happened? Now we see the logistic collapse in China, Turkey has closed. The time and cost of sea deliveries have increased significantly, as well as their minimum volume. Now, national operators who need these products must make an advance payment and freeze a significant part of the cash turnover for the products, which will arrive in Ukraine in only three months. Thus, our products have become very popular. And, probably, we will even get ahead of our plan for this year. The concept worked, and in a closed world – even more effectively,” the entrepreneur wrote.
He said that today, the partners of the company understand that this is not the last crisis related to their commercial risks, and decide to focus on the national manufacturer.
“Distributors record the share of 20-30% in the product portfolio for local manufacturers,” Khmelnytsky said.
In addition, he said that, according to the existing demand, it is clear that construction is ongoing, home improvements are being actively done, including in improvements hospitals and schools. “And for us it is an opportunity to gain a certain market share, taking advantage of the global crisis, shifting imports. And the same can be done in other sectors. You ask how to find a niche, where to invest? Here is an idea for you: what we usually supply from China and Turkey should be produced here in Ukraine,” Khmelnytsky said.
“For Ukraine, there is only one prospect: to produce products for ourselves in order to replace imports, and even better, to enter the global market,” he said.
