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Cabinet of Ministers to issue government domestic loan bonds on security of the USA
14:30, 22 September 2016
Cabinet of Ministers to issue government domestic loan bonds on security of the USA

According to the Prime Minister, the decision will bring the resource into Ukraine till the end of September

14:30, 22 September 2016

Facebook Volodymyr Groysman

The Cabinet of Ministers took the decision to issue government domestic loan bonds on security of the USA amounting to 1 billion dollars at the rate of 2.5% for 5 years. This decision was taking during the meeting of the government, broadcasted by their official channel in YouTube.

Related: In 2017, Ukraine to borrow USD 3.3 bln of foreign loans

“This is a US guarantee loan for 1 bln dollars. The terms are the following: Ukraine issues government domestic loan bonds on security of the USA for 1 bln dollars. Maturity date is in 5 years at the rate 2.5% per annum,” – said the Minister of Finance Oleksandr Danylyuk.

Related: UNGA: Poroshenko and Lagarde held negotiations

According to Finance Minister, this decision will bring the resource into Ukraine till the end of September.

As it was reported earlier, US government is ready to give Ukraine $ 1 bln loan guarantees. The US Vice President Joseph Biden announced this during his meeting with Ukraine’s President Petro Poroshenko the day before on the sidelines of the UN General Assembely.

Related: Cabinet assigns USD 5 billion on defense expenditures

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