The Cabinet of Ministers of Ukraine has approved the conditions for borrowing by the State Automobile Roads Agency of Ukraine (Ukravtodor), Infrastructure Minister of Ukraine Vladyslav Krykliy said in his Telegram channel.
According to him, the funds will go to works at about 100 state-sustained building facilities.
“The interest-bearing bonds will be issued without making a public offer, the obligations under which are secured by the government. The conditions are the following: face value of one bond is UAH 1,000; interest income on bonds – 12.5% per annum and paid quarterly; bond circulation period – from one up to five years depending on its Series; the bonds is issued in five Series,” he said.
Krykliy said that this will restore roads, create jobs and stimulate contracting enterprises.