Ukraine plans Eurobond issue

KYIV - Ukraine plans to raise funds on international capital markets by launching its first-ever Eurobond issue before the end of August, Reuters, citing National Bank of Ukraine officials reported on May 5. The government hopes to attract $200 million to $300 million with the issue, according to Serhii Yaremenko, a department director at the NBU. Ukrainian officials had talked about raising as much as $500 million after the neighboring Russian Federation launched a successful Eurobond issue last November. The government is seeking a credit rating and a Western or Asian partner for the issue, Mr. Yaremenko told Interfax during a meeting of bankers in Crimea.

Copyright © The Ukrainian Weekly, May 18, 1997, No. 20, Vol. LXV

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