Ukraine gets second tranche from IMF under Stand-By Arrangement

Fri, 05.09.2014 11:55

KYIV/Ukraine in Arabic/ Ukraine received on September 4 a second tranche from the IMF under the Stand-By Arrangement in the amount of SDR 914.7 million (about $1.39 billion), the press service of the Ukrainian Finance Ministry has reported.

The report notes that the interest rate on the issued credit funds is 3% per annum, and the rate of one-time commission (for reservation of funds) - 0.15% (returned in proportion to the funds received).

In addition, the rate of service charge is set at 0.5% of the tranche amount.

The ministry also noted that the repayment of each tranche foresees a grace period of three years (interest is repaid quarterly), and the repayment of the loan principal is made in equal installments on a quarterly basis during two years.

As reported, the IMF Executive Board approved the issue of the second tranche to Ukraine in late August.


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