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Ukraine to float Eurobonds this month

      RBC, 01.11.2006, Kiev 16:58:16.Ukraine is planning to float Eurobonds worth up to $1bn, First Vice Prime Minister Nikolai Azarov told journalists after a cabinet meeting today. He did not specify the maturity and the currency of the bonds. Ukrainian law stipulates for around $1bn of external loans, and the government proposes to float about this much worth of securities.

      According to Azarov, the flotation will be completed in the first half of November. He added that in his opinion the situation was favorable for entering the debt market. The Ukrainian government expects a reasonable demand for its bonds, and does not wish to create a stir around them.

      Ukraine's First Prime Minister said that to finance social projects alone the 2006 budget requires an extra $400m.

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