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SFGCU paid off USD 100 mln on the Chinese Eximbank loan

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UkrAgroConsult

The State Food and Grain Corporation of Ukraine (SFGCU) paid off USD 115.9 mln on the loan issued by the Export-Import Bank of China (China Exim) on Jan.17, 2020.

The Corporation repaid USD 75 mln of principal and USD 40.9 mln of interest.

The USD 1.5 bln loan agreement between the SFGCU and China Exim was signed in 2012 and it is effective until 2027. The loan rate is Libor USD 6m +4.5% and provides for interest payment every 6 months, and starting from 2018, the principal.

Previously reported that Bogdan Kostetsky was appointed Deputy Chairman of the SFGCU.


Latifundist.com

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