KYIV, Nov 17 - China National Complete Engineering Corporation (CCEC) has been declared the winner of a tender conducted by the State Mortgage Institution (SMI) seeking to raise an external debt to finance the implementation of the investment project entitled "Provision with Residential Space on Conditions of Mortgage Crediting or Financial Leasing."

According to information posted on the website of the SMI, the sum of expected loan is $500 million (or equivalent in other currency). The loan will be taken for 15 years. The effective rate for the loan is 4.5% per annum. The interest is accrued and paid once in six months.