The U.S. government has promised loan guarantees to Ukraine $1 billion

Moscow. October 26. The US plans to provide loan guarantees to Ukraine $1 billion, said the U.S. Secretary of Commerce penny Pritzker.

“I am pleased to announce that the President and Congress have the intention to carry out the steps regarding the second loan guarantee for $1 billion for Ukraine in the following months. This will be the fulfillment of the promise of the USA to consider such a loan guarantee in late 2015,” the Minister said after meeting with Ukrainian President Petro Poroshenko on Monday in Kyiv.

As said Pritzker during the briefing, Ukraine will receive credit guarantees in the event of implementation of the programme of the International monetary Fund (IMF). “The condition of providing credit guarantees the US will be Ukraine’s success in reforming economic program, including the IMF program, and a specific impulse in the fight against corruption,” she said.

The first issue of bonds for $1 billion under the guarantee of the U.S. Ukraine has placed in may 2014. Then the yield 28 basis points over the yield of bonds maturing April 30, 2019 and $ 1,844% per annum. The organizers were JP Morgan and Morgan Stanley.

A year later, in may 2015, Ukraine placed five-year Eurobonds for $1 billion under U.S. guarantees a yield exceeding the equivalent us government bonds by 32 basis points. The organizers of the deal were Citi, JP Morgan and Morgan Stanley.

Later, the Ministry of Finance of Ukraine announced that it plans in November 2015 to raise $1 billion under the guarantee of the United States.