Press Release: EU raises €500 million for Macro-Financial Assistance to Ukraine

The European Commission, on behalf of the European Union, on 10 June 2014, raised 500€ million on the capital markets to fund the first loan tranche for Ukraine under the new Macro-Financial Assistance (MFA II) programme.

The funding was raised via a tap of the April-issued EU 10-year 2.6€ billion bond, increasing it to 3.2€ billion, following an initial tap of 100€ million on 14 May. The proceeds operation was be disbursed to Ukraine on 17 June, the settlement date of the operation.

• Primary Source

ESO: Background information: Council approves financial support and trade measures for Ukraine http://www.europeansources.info/record/press-release-council-approves-financial-support-and-trade-measures-for-ukraine-imf-approves-17bn-ukraine-bailout-package/

ESO: Background information: Proposal for a Council Decision providing Macro-Financial Assistance to Ukraine http://www.europeansources.info/record/proposal-for-a-council-decision-providing-macro-financial-assistance-to-ukraine-2/

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