Ukraine plans to leverage the $750 million in World Bank guarantees to raise $1 billion of foreign borrowings in two tranches

Ukraine plans to leverage the $750 million in World Bank guarantees to raise $1 billion of foreign borrowings in two tranches – $400 million in the next 10 days and $600 million next month, Finance Minister Oksana Markarova tells Interfax-Ukraine. On Tuesday, Cabinet of Ministers capped the annual interest rate at 4.9%. Deutsche Bank AG and TMF Global Service (UK) Ltd are to syndicate the loans, earning a commission of 0.8% of the totals, Interfax-Ukraine reports.