: :inin Kyiv (EET)

Ukraine Wants to Use US Guarantees to Borrow $1B in November


Heavily indebted Ukraine may borrow $1 billion in November via a new sale of U.S.-backed bonds, part of a broader international support package Kyiv expects to receive by the end of the year.

The finance ministry said on Wednesday it anticipated international assistance worth more than $3.2 billion up to the end of 2015, including $1 billion of U.S. guarantees in November.

It also expects to receive two credit payments of $500 million a piece from the World Bank in August and September and 600 million euros from the European Commission.

“It may be a new $1 billion issue of a U.S.-backed Eurobond, …read more

Source: Voice of America

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