The National Bank of Ukraine has eased for banks the purchase of foreign debt securities (Eurobonds) issued abroad to finance loans provided to these banks by nonresidents.

Previously banks have been required to obtain an individual license, but from now on, banks will be allowed to perform such operations on the basis of the General License for FX operations to attract and place foreign currency on accounts abroad.

These measures will improve conditions for banks’ liquidity management and their external debt without having an adverse impact on the FX market.

The amendments are approved by NBU Board  Resolution No. 77 of 8 August 2017   Instruction on the Rules Governing the Issuance of Individual Licenses for  Investment Abroad and shall come into force from 10 August 2017.