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 U.S. to grant Ukraine $1 billion in loan guarantees

Ukraine has agreed with the United States on provision of loan guarantees in the amount of $1 billion.

The agreement was signed in Kyiv on Monday by Minister of Finance Natalie Jaresko, U.S. Ambassador Jeffrey Payette and Mission Director of the U.S. Agency for International Development (USAID) Jed Barton, Censor.NET reports citing Ukrainian News.

The Ministry of Finance planned to issue Eurobonds 2015 under the guarantee of the United States in the first half of May.

Read also: EU Council approves 1,8 billion euro loan to Ukraine

U.S. loan guarantees for $1 billion came into force April 24, 2015 and provide 100% payment by the borrower of the loan principal and accrued interest.

In May 2014 Ukraine has placed U.S. guaranteed Eurobonds for $1 billion.


 
 
 
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