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RESOLUTION OF THE CABINET OF MINISTERS OF UKRAINE

of August 17, 2020 No. 717

About implementation of the state external borrowings in 2020 by attraction of the credits

For the purpose of accomplishment of the Law of Ukraine "About the Government budget of Ukraine for 2020" the Cabinet of Ministers of Ukraine decides:

1. Perform the state external borrowings in 2020 by attraction of the credits from Cargill Financial Services International, Inc.

2. Approve the Main conditions of implementation of the state external borrowings in 2020 by attraction of the credits from Cargill Financial Services International, Inc., which are applied.

3. To the Ministry of Finance to provide in time of creation of the draft of the Government budget of Ukraine for the corresponding year of means for repayment and servicing of the state external borrowings performed in connection therewith by the resolution.

Prime Minister of Ukraine

D. Shmygal

Approved by the Resolution of the Cabinet of Ministers of Ukraine of August 17, 2020 No. 717

The main conditions of implementation of the state external borrowings in 2020 by attraction of the credits from Cargill Financial Services International, Inc.

1. The state external borrowings are performed in 2020 by attraction of the credits for the total amount which is not exceeding 250 million euros and are provided according to credit agreements between Ukraine and Cargill Financial Services International, Inc. (further - the credits), in the limits provided by the Law of Ukraine "About the Government budget of Ukraine for 2020".

2. On the amount of the credits it is charged:

interest income at the annual interest rate 5,95 rate according to credit agreements with repayment period in three years after the date of receipt of borrowing facilities;

interest income at the annual interest rate 6,85 rate according to credit agreements with repayment period in five years after the date of receipt of borrowing facilities.

3. Interest income is paid quarterly. Payment dates are determined in the corresponding credit agreements.

4. Final repayment of the credits is performed in three years and in five years after the date of receipt of borrowing facilities according to conditions of the corresponding credit agreements.

5. Repayment and servicing of the credits is performed at the expense of the means provided by the law on the Government budget of Ukraine for the corresponding year.

6. Other conditions of attraction of the credits are determined by the corresponding credit agreements and other documents connected with their attraction.

 

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