The Ukrainian government has instructed the Finance Ministry to issue government domestic loan bonds worth UAH 63.27 billion ($5.14 billion) to recapitalise state oil and gas company Naftogaz Ukrainy. The decree was issued on 4 August. The securities are to be issued for 10 years at an interest rate of up to 14.3% per year. The newly issued shares will be exchanged for government domestic loan bonds after Naftogaz’s charter capital has increased by UAH 63.30 billion. The government raised the ceiling for Naftogaz’s capitalisation in the national budget for 2014 by UAH 63.30 billion, to UAH 96.61 billion.