KIEV, Dec. 19 – As part of PrivatBank's nationalization, the Finance Ministry will buy all of its shares for UAH 1 and then take part in its additional capitalization through acquiring additional shares in the amount not exceeding the minimum capital requirements calculated by the National Bank, the Cabinet of Ministers said in resolution No. 961 dated December 18 and entitled "Some Issues of Stability of the Financial System."

"The Finance Ministry should conduct... the issue of government domestic loan bonds in the amount of up to UAH 116.8 billion with a maturity period of up to 15 years and income interest rate of no higher than 10.5%, which will be then used by the state to pay for the additional issue of shares of PJSC PrivatBank," reads the document issued on Monday.