The National Bank of Ukraine (NBU) creates the conditions to stimulate Ukrainian market of government bonds by improving the mechanism of DGB primary placement.

First, primary dealers are allowed to act as brokers for their clients when they are purchasing DGBs in the course of primary placement on their own behalf or on behalf and at the expense of their clients.

Second, bonds can be credited to primary dealer’s own account in securities in case of the failed or late funds transfer by a client.

Third, the period for receiving the funds from participants of the placement is extended from two to five business days.

The respective amendments are approved by NBU Board Resolution No. 72 of 26 December 2018 On Approval of Amendments to the Regulation on the Rules Governing the Placement of Domestic Sovereign Bonds. The amendments shall enter into effect on 1 September 2018.