RLF - Kharkiv Emergency Liquidity II

disbursing

A senior loan of up to EUR 15 million, to provide emergency support to the City of Kharkiv via liquidity financing to its municipal utilities/operators, to mitigate the effect of the ongoing war on the City's financial position, and to ensure uninterrupted provision of essential municipal services to the City's residents, internally displaced persons ("IDPs") and enterprises (the "Project"). The recipients of liquidity support from the City are planned to be the four municipal operators: i) the Communal Enterprise "Kharkivsky metropoliten", an existing client of the Bank; ii) the Communal Enterprise "Trolleybus depot no. 2", an existing client of the Bank; iii) the Communal Enterprise "Saltiv tram depot"; and iv) the Communal Enterprise "Kharkiv heat networks" (together the "Recipients"). Given war- related risks, the loan will benefit from a partial first loss risk cover by the EU Ukraine Investment Framework Municipal Infrastructure and Industrial Resilience ("EU UIF MIIR") Programme.