The Cabinet of Ministers of Ukraine has announced the release of Eurobonds under the guarantees of the U.S. $ 1 billion
Ukraine will issue under the guarantees of the U.S. Eurobonds for $ 1 billion under 2, 5% per annum, follows from the decision of the Cabinet of Ministers of Ukraine. "Bonds of external government loan of 2015 produced a total volume amounting to 1 billion US dollars. On the Bonds accrues income at a rate not exceeding 2, 5% per annum. Interest income on the bonds is payable each year on 29 November and 29 may, with effect from the 29th November 2015. Repayment of the bonds is may 29, 2020 ", - reported in the document, which cites RIA " Novosti ". Obligations under the notes are guaranteed by the U.S. on behalf of which acts the United States Agency for international development, in Accordance with the safeguards agreement of borrowing between Ukraine and the United States, signed on 18 may 2015. Repayment and servicing of the bonds at the expense of funds provided by the legislative acts on the state budget of Ukraine for the year to repay and service public debt. Yesterday, a source said Kiev wants in the near future to place a five-year Eurobonds for $ 1 billion under the guarantee of the United States, managers of securities began organizing JP Morgan, Morgan Stanley and City. May 18, Kiev agreed with the United States on the allocation of Ukraine loan guarantees for $ 1 billion. In addition, Washington has promised to Kiev for another $ 1 billion loan guarantee in case of successful reform. At the end of April, the Minister of Finance of Ukraine Natalie Jaresko said that North America will provide the country an additional $ 2 billion for loan guarantees for half of that Kiev will receive after may holidays. Before that, in the process of the teleconference by Vice President Joe Biden said about the possibility of providing Ukraine with $ 2 billion if the reforms in the country will continue. Remember also, in April 2014, the US administration signed with Ukraine an agreement on providing credit guarantees in the amount of $ 1 billion. Credit guarantee is a form of insurance against losses arising from debts, which, most likely, will not be returned. When providing such guarantees the lender takes on its own shoulders the risk of nonpayment of debt. On 31 March, the Council of the European Union blessed the allocation of Ukraine of a new package of macro-financial assistance in the amount of 1, 8 billion euros. On the same day it was announced that Poland has committed us $ 100 million long-term loan for the construction of roads. In Kiev told also that the world Bank wishes to provide for the construction of roads Poltava - Kharkov 800 million dollars.