Ukraine paid off a loan of $750 million from Russia's VTB Capital and Sberbank by the due date of Dec. 27.
The loan, issued in September at 6.5 percent per annum, was initially due to mature on Dec0 12, but the parties agreed to an extension at 9.5 percent per annum, Interfax-Ukraine reports.
Ukraine paid $0.91 billion at the National Bank's official rate on foreign debt in the week of Dec. 23.
The country borrowed $3 billion from abroad, the equivalent to funding that Russian granted by way of purchasing Ukrainian Eurobonds with National Welfare Fund money.
After Ukraine decided not to sign an association agreement with the European Union, the Ukrainian and Russian presidents agreed on Dec. 17 that Russia would use National Welfare Fund money before the end of 2013 to buy $3 billion in two year Ukrainian bonds with a coupon rate of 5 percent per annum and provide Ukraine with $12 billion in 2014.
- TKB Bank ranks in top 10 as listed by Expert RA agency
- TBC Bank named best bank in Georgia by Global Finance magazine
- Amirbekyan of Anelik Bank wins TFP Trade Expert award
- UniCredit sells non-performing mortgage loans
- European Investment Bank lends millions to AccessBank to finance small businesses
- First Ukrainian International Bank among most transparent financial institutions in region, study says
- VTB Bank named best trade-finance bank in Russia by magazine
- AtaBank, Central Bank of Azerbaijan Republic host financial literacy event
- Richard de Keijzer named managing director for ABN AMRO Commercial Finance in the UK
- Galt & Taggart named Best Investment Bank in Georgia by Global Finance magazine