The Cabinet decided to increase the authorized capital of Ukraine's Naftogaz to 5 bln. This is stated in the decree of the Cabinet on 29 December the Ministry of Energy and Mines requested to decide on the private placement of shares of Naftogaz on that amount. The shares will be exchanged for specially issued for the purpose of T-bills. As reported by "Ukrainian News", 100% of the share stock of Naftogaz after dopemisssii remain in state ownership. The Cabinet instructed the Ministry of Finance to issue government bonds worth $ 5 billion USD with maturity of 5-7 years with a yield of not more than 9,5% per annum. The decision comes into force in 2011.
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