Ukraine to enter foreign borrowing market in mid-spring.

By bne IntelliNews January 28, 2010
Ukraine will likely arrange foreign loans in April-May, Acting FinMin Ihor Umanskyi has said. The loan amount is to be negotiated, he added. The matter concerns two- or three-year bilateral loans, Umanskyi believes. Syndicated loans have appeared to be a less attractive instrument for obtaining funds, according to him. As reported earlier, Ukraine faced real difficulty in taking out external loans in 2008 and 2009 because of the global crisis in the financial and economic sectors and the situation in external capital markets. In November, 2007, Ukraine placed its 10-year eurobonds for USD 700mn with 6.75% of the annual interest rate.

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