KIEVGORGOSADMINISTRATSIJA ASSUMES TO RECEIVE THE SYNDICATED IN THE NEAR FUTURE
KIEVGORGOSADMINISTRATSIJA ASSUMES TO RECEIVE THE SYNDICATED IN THE NEAR FUTURE
THE CREDIT FOR THE SUM OF 100 MILLION DALE.
Kiev. On February, 27th. unian. Kiev gorgosadministratsija expects in the nearest
The future to receive the syndicated credit from bank "Meril Lynch" for the sum
100 million dale. Under 12 % annual for a period of three years. Now
The scheme of maintenance of a reflexivity of the credit definitively is not confirmed,
Therefore credit granting is postponed till now.
As it was informed at session of Club of the bankers, taken place on Thursday,
Today spheres where proceeds of credit will go are already defined:
Budgetary, socially significant and commercial projects, including building
Hotels for carrying out in Kiev annual meeting of bankers of the European Reconstruction and Development Bank.
Also gorgosadministratsija during the tender has defined the financial manager
The project which became the Commercial and industrial bank which has offered most
The optimum scheme of maintenance of return of the credit. In the tender also participated
Va-bank, Ukreksimbank, Privatbank, etc.
According to the offered scheme all sum of the given credit will be
It is directed on purchase of bonds of an internal state loan
(OVGZ), that is a return guarantee gorgosadministratsiej the basic
The sums of the credit and percent on it. The financial manager from a name and on
To the commission gorgosadministratsii will conclude with Natsbank of Ukraine of the contract
About pawn crediting or contracts on repo-operations on the security
OVGZ. The means received from NBU, will be directed on crediting
Concrete projects. Thus, repayment of the credit "Meril Lynch"
Will not depend on crediting of projects.
At the same time, as the vice-president has declared at session of Club of bankers
Boards of the First Ukrainian international bank Boris TIMONKIN,
To find necessary for crediting of objects of means in full
It will not be possible. Besides, incomes from OVGZ are assessed with 30 %-s' tax,
So taking into account inflation offered by Commercial and industrial bank
The scheme "can appear unprofitable". In this connection B.TIMONKIN has offered
To use in the scheme the Ukrainian external obligations, profitableness on
Which today reaches 19 % annual in currency and which in difference
From internal are not object of the taxation.
B.TIMONKIN also has noticed, that "financial stability in Ukraine through
Year it will be broken in connection with forthcoming presidential elections "
And, as world practice testifies, proceeds of credit can be
Are withdrawn from the country.
.
//* an information Source: unian, 28.02.98
//* Reg. Nom. - 8080200191.14-------------------------------------------
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