The National Bank of Ukraine has Put the AVK Stock on the list of the Most Liquid Securities

The National Bank of Ukraine has put the stock of the concern “AVK” on the list of the most liquid Ukrainian securities, which may become a guarantee in the case of refinancing of commercial banks by NBU. Such a list was completed by NBU for the first time. In future it will be charted every quarter depending on development of the situation on the FSTS.

The Executive Director of the FSTS Stock Exchange Bogdan Lupyj pointed out that there are objective reasons for putting the corporative stock of AVK on the list of liquid securities. “The total volume of the securities’ auction of the given issuer on the FSTS has already exceeded UAH 800 mln. What is more, the AVK securities have a vital trade history for the Ukrainian market. The issuer’s stock of the first issue passed through the data-sheet on the FSTS in 2002, that is 4 years ago”, - says Bogdan Lupyj.

In the opinion of the Joint-Stock Commercial Investment Bank (JSCIB) “UkrSibbank”, that is an underwriter of the AVK corporative bonds, the NBU decision will reflect positively on their value. The head of the investment business department of the bank Denis Myhov says, “The securities are reliable today, we estimate the high value of their investment capacity. And owing to the putting on the list of the NBU the stock liquidity is supposed to rise. It will make no difficulty for investors to receive refinancing in NBU on the guarantee of this stock. It should reflect on the increase of the stock value”.

At the same time, increase of the AVK corporative securities’ liquidity will reflect positively on the investment attractiveness and market value of the company. The company takes into consideration all risks, which may have an influence on its reputation, and forestalls them.

“Our company has been one of the leaders in its field for many years and has a considered strategy of development. We aim at clarity and openness for our investors. The first step on this way was our first issue of stock, which helped us to create the public credit history. Further we expanded our presence on the market, maintaining the perfection of our financial history for many years, - declares the financial director of the company “AVK” Larisa Prystavakyna. – For instance, we publish regularly our financial accounting. Our financial reports have been verified by the independent auditors since 1997. Moreover, the analytical materials, dedicated to the AVK activities and financial state, are issued regularly. It defines the investment value of the financial instruments, issued by the company.”

Additional Comment:

The First Assistant of the NBU Chairman Anatolyj Shapovalov:

“The National Bank of Ukraine is interested in the expansion of financial instruments, which it can use in the case of monetary regulation and which should raise interest of market participants. For this purpose the National Bank of Ukraine has promulgated the list of securities, that are the most active on the stock market and on which the greatest number of contracts are concluded. That is an evidence of their free circulation on the market. Moreover, the values of such stock have insignificant instability. It proves that they find a market.