OREANDA-NEWS. On 06 August 2009 was announced, that the International Monetary Fund distributed the third, USD 3.3 bln, loan tranche to Ukraine, Acting Finance Minister Ihor Umanskiy said, according to various local news reports. The IMF board approved the transfer of the funds at a meeting on July 28 and made the transaction on July 31.

Concorde Capital: Although the usage of the funds was not officially reported, we suspect that Ukraine tapped the third tranche to repay its 2009 sovereign Eurobonds (USD 500 mln) and Gazprom for imported natural gas (USD 605 mln) yesterday. As it was earlier stated by the IMF, the third tranche was meant to cover Ukraine’s external obligations.

Concorde Capital is a full service investment bank operating on the Ukrainian, Russian and CIS markets. In 2007 Concorde Capital’s analytical team was recognized as the Top Team covering Ukraine by Thomson Extel's Pan European Survey. Senior Analyst Alexander Paraschiy was recognized as the Leading Pan-European Investment Analyst – European Emerging Markets. Concorde Capital is a leader when it comes to private placements and M&A deals. Concorde Capital’s sale of a stake in Electron Bank to Volksbank International AG was named the Best Ukrainian M&A deal of the year 2007 by the Adam Smith Institute.