Coal of Ukraine to attract UAH 500mn credit.

By bne IntelliNews September 15, 2010
State enterprise Vuhillia Ukrayiny (Coal of Ukraine) plans to attract UAH 500mn credit, the company has reported. The loan is planned to be attracted for 1 year from Nov 2010 to Oct 2011. Bids from potential creditors are accepted till October 6. Vuhillia Ukrayiny is an operator of the wholesale market of coal products.The State Development Bank of China is ready to grant Ukraine a loan amounting to USD 100mn in 2010 under the state guarantees for financing investment projects of reconstruction and refurbishment of a number of mines. According to its statement, State Development Bank of China is prepared to grant the funds under 3.5% of annual interest plus LIBOR for 15-20 years with possible postponement of payments of two or three years. The Ministry of Coal Industry notes that the coal industry plans to raise UAH 6.4bn in investment, including UAH 2.3bn from the national budget, UAH 1.2bn as private investment, UAH 1.9bn in leasing operations, UAH 0.5bn from issue of bonds, and UAH 0.5bn as credit under state guarantees.

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Metro Ukraine raises sales by 11% y/y to EUR 877mn in 2012.

In 2012, Metro Cash&Carry Ukraine, which is a retail division of the Metro Group (Germany), raised sales by 10.9% y/y to EUR 877mn, the company said. The company opened two new wholesale ... more

NBU: Gross external debt of Ukraine up 2% q/q in Q4/2012

The Naftogaz Ukrainy has repaid UAH 2.4bn worth of loans so far in 2013. The company was able to repay this amount of loans because of economy of natural gas in all areas of its operation, ... more

EC makes new recommendations for Ukraine.

The European Commission recommends Ukraine to focus on meeting its commitments under the association agenda, reads the ENP Country Progress Report 2012 - Ukraine released on Wednesday. In ... more

Follow Us On

Most Read

  1. Ukraine's birth rate plummets to 300-year low as country’s population collapses
    6 days ago
  2. Fresh evidence suggests that the April 2022 Istanbul peace deal to end the war in Ukraine was stillborn
    7 days ago
  3. Russia’s war economy boosted by rising oil prices
    8 days ago
  4. EU finally boosts defence investment into arms production as Ukraine runs out of ammo
    1 month ago
  5. Russia’s $13.4bn current account surplus in March second highest since 2007
    7 days ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    24 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    29 days ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. BRICS announce a blockchain-based payment system to create a common currency
    27 days ago
  5. UBN: Russia could take the Baltic states in 48 hours
    1 month ago

Reports

Dismiss