Brussels, 10/06/2014 (Agence Europe) - On Tuesday 10 June, the European Commission raised €500 million on the money markets to be lent on to Ukraine on Tuesday 17 June.
An initial instalment of €100 million was made in the week before the Ukrainian presidential elections in May (see EUROPE 11083). Two EU aid programmes, one for €1 billion and one for €610 million, will help the country deal with its financial and budget problems.
Sixty percent of the bonds issued on Tuesday went to the eurozone. Financial bodies in Germany had the highest allocation. In terms of investor type, 30% was allocated to official institutions/central banks, 59% to bank treasuries and 11% to fund managers. (MB)