Naftogas is helped legally

To increase trust of investors to “Naftogas Ukraine” parliamentarians suggest to pass the law allowing increasing statutory funds of national joint stock companies and buying their shares at the expense of public bonds. Suggested plan will allow to rise companies’ liquidity without expenses of state budget but it carries a risk of assets alienation, experts warn.

President of Ukrainian Society of Financial Analysts Yuriy Prozorov appraises parliamentarians’ initiative as adequate to today situation in the country. "Now to increase statutory funds of national companies it needs changing in state budget. But there are no means for these purposes, and in case of bill adoption part of public bonds can be changed on shares", – he explained.

"The main thing is that in the prospectus of public bonds issuing for example, the clause that they can be converted into shares of companies will not appear. Or another scheme of possible assets redemption through public bonds would not prescribed", – Mr. Prozorov said.

The source: Ъ-Ukraine