Coal of Ukraine attracts UAH 1bn loan.

By bne IntelliNews December 20, 2010
State-owned enterprise Coal of Ukraine has attracted UAH1bn loan from state-run bank Ukreximbank. The loan agreement was signed for one year, and the cost of its servicing will be UAH 182.76mn. The attracted funds are intended for the purchase of mining equipment under capital lease terms. Earlier, the government gave a delay to state coal companies in repayment of interest-free government loans until 2011. The ministry of coal industry estimated the necessary amount of budget financing for the industry in 2011 at UAH19.7bn.

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