The National Bank of Ukraine (NBU) has published the resolution that clarifies issues about extending the subordinated debt agreement in case of change in interest rates; the serial number of the resolution entering amendments to the guidelines for bank regulation in Ukraine is 380, RBK-Ukraine (РБК-Україна) reports.
In particular, “the rate is set at 10% of the maximum rate on subordinated debt issued in local currency, being set by the NBU,” – the resolution says.
In addition, the rule on suspending payment of interest by banks, accrued on subordinated debt to raise funds involving related parties, has been amended specifying that can be applied if financial condition is worsened.
