Euro 2012 news

Government of Ukraine will attract two banks from the U.S. to organize loans size $ 569 million to fund preparations for the European Football Championship Euro-2012. Government of Ukraine will attract the Bank of New York Mellon and Morgan Stanley to organize loans totaling 4.5 billion hryvnas ($ 569 million) to finance preparing for the football championship Euro-2012 ...
... Stated in the decree published on the website of the Cabinet.

In accordance to the Budget Law for 2010, the government has approved this amount of the state guarantees for loans. Loans are expected to involve a state-owned enterprise finance infrastructure projects, including the issuance of bonds, but the structure and currency of borrowings in the document is not specified.

The government also approved a draft of the guarantee agreement, the agreement on trust management, subscription agreement and asked the Finance Minister to sign them with the relevant financial institutions.