Group
by flag
Belarus
bg flag
Bulgaria
ee flag
Estonia
fi flag
Finland
hu flag
Hungary
lv flag
Latvia
lt flag
Lithuania
no flag
Norway
pl flag
Poland
ru flag
Russia
se flag
Sweden
ua flag
Ukraine
Language select icon Menu close/open icon
Menu close/open icon Menu close/open icon

Language

Suomeksi
In English

Accounting, Payroll, Tax & Legal since 1989

National Bank of Ukraine Liberates Maximum Interest Rate Limitations in Order to Facilitate Restructuring of Certain Foreign Loans Raised by Ukrainian Borrowers 

Pursuant to Resolution 409, Ukrainian borrowers are now entitled to pay additional fee for extension of maturity of their foreign loans (the “Extension Fee”) which may exceed applicable maximum interest rate (the “MIR”) requirements1 , provided that the following criteria are met:

  • the loan which is subject to extension has been raised as subordinated debt or a loan financed by way of issuance of debt securities on international capital markets; 
  • maturity date for repayment of the principal amount under relevant loan should be extended for, at least, two years; 
  • amount of the Extension Fee shall not exceed 2% of the principal amount of relevant loan; 
  • in case of loans financed by way of issuance of debt securities on international capital markets, such debt securities should, as of 23 June 2015, be listed on a stock exchange outside of Ukraine. 

Payment of the Extension Fee will be possible only after registration of the respective amendments to loan agreements with the NBU. For the purposes of such registration, certain additional documents should be provided to the NBU, such as evidences that relevant loan was actually financed by way of issuance of debt securities on international capital markets Resolution 409 entered into force on 24 June 2015 and is not limited in time.

06.08.15


Latest articles

22

Feb

Introduction to Estonia

22

Feb

Share capital amount no longer needs to be...

17

Feb

Ukraine to participate in the EU´s European Green...

Contact

Email again:
Services