The Ministry of Finance reported that the funds in the amount of $ 1 billion raised from the bond issue loan guarantees under the US came to the accounts of the Government of Ukraine.
This was made possible thanks to the signing on May 18 of the Safeguards Agreement between the borrowing governments of Ukraine and the United States.
This Agreement is part of the bilateral and multilateral economic support for Ukraine, which includes a four-year IMF program (Extended Fund Facility), and reflects an increase in support for the economic reforms of the Ukrainian government. As with the previous agreement granting US loan guarantees, the terms of the current agreement on guarantees of borrowing will increase Ukraine's desire to meet the conditions of the IMF program and to carry out other steps necessary to strengthen the rule of law, the social security system, to further promote the important structural reforms and the resumption of Ukraine's economic growth .
The interest rate on Eurobonds of 1.847% per year. Payment of interest will be carried out twice a year (May 29 and 29 November). Expected maturity of bonds - May 29, 2020.
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