Ukraine to raise $1 billion against U.S. guarantees, - Minister Jaresko

The Ministry of Finance intends to float Eurobonds worth $1 billion against guarantees of the US government in November this year.

As reported by Censor.NET citing the ministerial web site, this was announced by the Minister of Finance Natalie Jaresko at a ministry board meeting.

Read more: Ukraine has settled $120-million Eurobond coupon payment, avoiding technical default, - UNIAN

In May 2015, the Government of Ukraine signed an agreement with the US government on loan guarantees for Ukraine for $1 billion under the $2 billion guarantee declaration with a possibility for this amount to be increased by another $1 billion provided Ukraine succeeds in reforms.

According to the Ministry of Finance, along with the mentioned funds, external revenues from international donors and partners for more than $3.2 billion are expected by the end of the year.

Read more: Ukraine to get $1.7 billion aid installment from IMF

The ministry intends for two tranches of $500 million each from the World Bank in late August and September, €600 million from the European Commission in the forth quarter, $300 million from the Government of Japan in late October, €200 million from the German government in late August and 200 million of Norwegian krones from the Government of Norway in October.

As previously reported, the IMF as a key creditor of Ukraine confirmed the board of directors' intention to decide on another tranche for Ukraine under the EFF program until July 31 this year. Thus, the total amount of funds allocated to Ukraine under the EFF program will make $6.68 billion.

Источник: https://censor.net.ua/en/n345571