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                        THURSDAY, DECEMBER 12, 2019
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IFC mulls EUR 30-mln loan to Ukrgazbank for 20% stake option
Journal Staff Report

KYIV, Sept 5 International Finance Corporation (IFC) from World Bank Group may grant a senior unsecured loan of up to EUR 30 million to a state-owned Ukrgasbank with an option to convert into up to 20% equity share of the bank.

According to the IFC project information portal, the tenor of the loan of up to five years with a bullet repayment.

The IFC board of directors plans to consider this project at its meeting on September 19.




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