Ukraine Received a €349.3 Million Loan Under the Guarantee of the World Bank

Translated by Ollie Richardson & Angelina Siard

21:40:09
27/12/2018

ukranews.com

Money from a loan of €349.3 million provided by Deutsche Bank under a guarantee to support state policy in the sphere of economic growth came to the state budget of Ukraine. This is said in the statement of the Ministry of Finance.

Deutsche Bank granted the loan of €349.3 million in the form of two tranches: a tranche of €53.2 million with a repayment period of 4 years and another tranche of €296.1 million with a repayment period of 10 years and a grace period 4.5 years.

The part of the guarantee in the amount of $375 million in euro equivalent from the total amount of guarantees of the World Bank in the amount of $750 million was used on this loan.

The involvement of another loan under the unused portion of the guarantee of the World Bank is expected in the first quarter of 2019.

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