Ukraine will bring a short-term loan of up to $350 million from Deutsche Bank until the end of 2020, according to the Cabinet of Ministers’ resolution No.1291 dated Dec. 23.
“The final repayment of the loan is made six months after the date of receipt of the loan funds in accordance with the terms of the loan agreement,” the Cabinet of Ministers said in the document.
According to him, the loan is attracted at a rate of LIBOR plus 5.75% up to three months.
In this case, interest income is paid every three months, according to the resolution.
Earlier, experts predicted the possible attraction of bridge financing by Ukraine for the period of negotiations with the IMF before receiving the second tranche under the Stand-By Arrangement and/or issuing eurobonds. Previously, Ukraine has already used this practice.
The possibility of such a bridge loan at the beginning of December 2020 was announced by Prime Minister of Ukraine Denys Shmyhal.
