Ukraine attracts 529 million euros loan guaranteed by World Bank

Source : 112 Ukraine

Loan is provided by Deutsche Bank
17:58, 2 March 2019

Open source

Ukraine has attracted a loan in the amount of 529 million euros from Deutsche Bank with the guarantee of the International Bank for Reconstruction and Development (World Bank Group). This is reported by the press service of the Ministry of Finance.

Thus, Deutsche Bank provided a loan in two tranches: a tranche A in the amount of 240 million euros with a maturity of 4 years and a tranche B in the amount of 289 million euros with a maturity of 10 years.

For this loan, the second part of the guarantee for a total amount of $ 750 million was used.

We recall that at the moment Ukraine uses credit guarantees totaling $ 750 million. These guarantees allow the government to borrow about $ 1 billion at low interest rates.

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Earlier the funds from Deutsche Bank, 349.3 million Euros, reached Ukraine's state budget. The loan was provided under the financial guarantees of the International Bank for Reconstruction and Development. The press office of the Finance Ministry of Ukraine reported that on Thursday.

'Deutsche Bank provided a loan in the amount of 349.3 million Euros in two tranches: Tranche A makes 53.2 million Euros to be repaid over four years, and Tranche B equals 296.1 million Euros to be repaid within 10 years and the grace period of 4.5 years', the Finance Ministry said. 

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