You're reading: Boryspil airport to raise $80 million from Ukreximbank

Ukreximbank has won a tender to issue credit lines for a total of $80 million to Boryspil International Airport (both based in Kyiv).

According to a report in the Visnyk Derzhavnykh Zakupivel bulletin, according to the tender conditions, the opening of three credit lines of $30 million, $40 million and $10 million is foreseen.

A relevant contract was signed on April 19. The cost of the agreement on three lots is $36 million.

Credits will mature in 36 months from the date of the last withdrawal of funds, which should take place not later than December 31, 2012.

Ukreximbank was founded in 1992.

According to the National Bank of Ukraine, it was the second largest bank among the 175 banks operating in the country as of January 1, 2012 in terms of overall assets (Hr 75.103 billion).