Ukraine repaid the loan to Deutsche Bank ahead of schedule

News

Ukraine repaid the loan to Deutsche Bank ahead of schedule

01.04.2021 News

Ukraine has repaid a $ 350 million loan to Deutsche Bank AG London ahead of schedule this week, Interfax-Ukraine reports citing a source.

Including interest, the payment was about $ 354 million.

Ukraine took this loan in December last year for up to six months at a rate of up to three-month LIBOR + 5.75%, which can be repaid early if the market price of Ukraine’s Eurobonds changes.

It should be noted that on March 1, Ukraine repaid the ninth coupon in the amount of $ 335 million on Eurobonds issued in 2015 as part of the restructuring. And on March 25, Ukraine made the seventh coupon payment of $ 110.7 million on Eurobonds with a maturity of 2032.

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