June 13 2014, 07:00 Source: APK-Inform Views: 1141

EU raises 500 mln EUR for Macro-Financial Assistance to Ukraine

On June 10 the European Commission, on behalf of the European Union, raised 500 mln EUR on the capital markets to fund the first loan tranche for Ukraine under the new Macro-Financial Assistance (MFA II) programme. The funding was raised via a tap of the April-issued EU 10-year 2.6 bln EUR bond, increasing it to 3.2 bln EUR, following an initial tap of 100 mln EUR on May 14. The proceeds of the operation will be disbursed to Ukraine on June 17, the settlement date of the operation.

Joint lead managers were Deutsche Bank, J.P. Morgan, Landesbank Baden-Württemberg (LBBW) and Société Générale CIB.


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